In the view of Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia at UOB Group, USD/JPY is now expected to maintain a consolidative
mood, likely between 145.90 and 150.50. Key Quotes 24-hour view:Yesterday, we held the view that the outlook for USD is mixed, and it “could trade in a choppy manner between 148.00 and 149.90.” However, it traded in a relatively narrow range between 148.72 and 149.31 before closing little changed at 149.
12 . The outlook remains mixed. Today, we expect USD to trade between 148.00 and 149.55. Next 1-3 weeks:There is not much to add to our update from yesterday . As highlighted, the sharp fluctuations two days ago have mudded the outlook. For the time being, USD could trade in a broad range of 145.90/150.50.
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