USD/JPY now likely moved into a range bound theme – UOB By pabspiovano USDJPY Currencies Banks Majors
is now predicted to gyrate around 114.75 and 116.05 in the next weeks, suggested FX Strategists at UOB Group.24-hour view: “Our expectations for a higher USD last Friday were incorrect as it sold off sharply and cracked a few strong support levels with ease . Despite the sharp bounce from the low, the risk remains on the downside. For today, USD could retest 115.00 but a sustained decline below this level is unlikely . Resistance is at 115.60 followed by 115.85.
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