USD/JPY: A drop to 127.20 now turns up on the horizon – UOB – by pabspiovano USDJPY Currencies Majors Banks
to revisit the 127.20 region in the next few weeks, comment Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group.24-hour view: “USD plummeted and extended its decline in early Asian trade. Strong downward momentum suggests further USD weakness even though last month’s low near 127.20 is unlikely to come into view today. There is minor support at 127.80. Resistance is at 128.75, a break of 129.30 would indicate the current weakness in USD has stabilized.
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