USD/JPY: Room for a move to 142.70 – UOB – by pabspiovano USDJPY Currencies Majors Banks
could attempt a move to the 142.70 region in the short-term horizon, suggest Markets Strategist Quek Ser Leang and Senior Economist Alvin Liew at UOB Group.24-hour view: We expected USD to trade between 141.10 and 142.20 yesterday. However, USD rose briefly to 142.39 and then pulled back. Despite the push to fresh high, there is no significant increase in momentum. Today, there is room for USD to edge higher but any advance is likely part of a higher range of 141.40/142.45.
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