USD/JPY: Still room for an advance to 115.90 – UOB By pabspiovano USDJPY Currencies Majors Banks
24-hour view: “We highlighted yesterday that USD ‘could advance further but 115.90 is unlikely to come into the picture’. While our view was not wrong as USD rose to 115.80, we did not expect the sharp pullback from the high. Upward pressure has eased and the current movement is likely part of a consolidation. In other words, USD is likely to trade sideways for today, expected to be within a range of 115.15/115.70.
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