7 May 2015
USD/JPY neutral outlook – UOB
FXStreet (Barcelona) - Analysts at UOB Group, maintain a neutral outlook on USD/JPY, expecting the pair to remain in a 118.40-120.50 range.
Key Quotes
“The dip below 119.20 yesterday ended our expectation for a higher USD. The lack of a sustained and directional move in recent weeks has resulted in a mixed outlook. We hold a neutral view now and expect this pair to trade between 118.40 and 120.50 for the next 1 to 2 weeks.”
Key Quotes
“The dip below 119.20 yesterday ended our expectation for a higher USD. The lack of a sustained and directional move in recent weeks has resulted in a mixed outlook. We hold a neutral view now and expect this pair to trade between 118.40 and 120.50 for the next 1 to 2 weeks.”