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19 Feb 2016
USD/JPY rangebound near-term – UOB
The research team at UOB Group has reiterated the neutral bias for USD/JPY in the next 1-3 weeks.
Key Quotes
“We view the sharp drop yesterday as part of a broad consolidation phase and not the resumption of the recent bearish phase”.
“The outlook for USD remains mixed and we expect further choppy trading between 112.00 and 115.00”.
Key Quotes
“We view the sharp drop yesterday as part of a broad consolidation phase and not the resumption of the recent bearish phase”.
“The outlook for USD remains mixed and we expect further choppy trading between 112.00 and 115.00”.