USD/JPY sticks to the consolidative theme near term – UOB – by pabspiovano USDJPY Currencies Majors Banks
24-hour view: “The strong rise in USD to a high of 147.87 last Friday came as a surprise . USD extended its advance in early Asian trade and is likely to rise further. However, a break of the strong resistance at 148.80 is unlikely . On the downside, a breach of 147.35 would indicate that the current upward pressure has dissipated.”
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