USD/JPY: Room for further range bound in the near term – UOB – by pabspiovano USDJPY Currencies Majors Banks
, likely within the 128.00-130.80 range now appears likely in the near term, according to UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang.24-hour view: “After rising to a high of 130.58, USD pulled back sharply and closed at 129.59 . The pullback has room to extend but is unlikely to break the support at 128.00 . Resistance is at 129.75, followed by 130.10.”
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