USD/JPY faces extra gains above 136.00 – UOB By pabspiovano USDJPY Banks Currencies Majors
remains well in place and faces further advance once 136.00 is cleared, according to FX Strategists at UOB Group Lee Sue Ann and Quek Ser Leang.24-hour view: “We expected USD to ‘trade in a choppy manner between 131.80 and 133.80’ last Friday. We did not expect the outsized surge as USD jumped to a high of 135.42. The rapid rise has scope to extend but deeply overbought conditions suggest that a sustained rise above 135.60 is unlikely . On the downside, a breach of 134.
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