USD/JPY now faces some range bound trading – UOB – by pabspiovano USDJPY Currencies Majors Banks
looks mitigated and is now expected to trade within the 134.50-137.10 range for the time being, suggest UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang.24-hour view: “We expected to edge higher last Friday. Our view was incorrect as USD edged to a low of 135.73. Downward momentum has improved, albeit not much. Today, USD could edge lower but a sustained decline below 135.50 is unlikely. On the upside, a breach of 136.
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