USD/JPY rangebound near-term – UOB

By FXStreet The research team at UOB Group has reiterated the neutral bias for USD/JPY in the next 1-3 weeks.

Key Quotes

“We view the sharp drop yesterday as part of a broad consolidation phase and not the resumption of the recent bearish phase”.

“The outlook for USD remains mixed and we expect further choppy trading between 112.00 and 115.00”.
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Source:: FX Street