USD/JPY: Risks now appear tilted to the upside – UOB – by pabspiovano USDJPY Currencies Majors Banks
looks firm for the time being, comment UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang.24-hour view: “We expected USD to trade sideways between 131.50 and 133.00 yesterday. However, USD chopped between 131.50 and 133.31 before closing at 133.11 . Upward momentum has firmed slightly but while USD is likely to edge higher, the major resistance at 134.00 is unlikely to come into view today . Support is at 132.40, followed by 132.00.
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