USD/JPY expected to struggle at 120.30 – UOB

FXStreet (Barcelona) - Analysts at UOB Group, expected any USD/JPY strength to face a stiff resistance at 120.30.

Key Quotes

“Against our expectation, USD continues to strengthen with an overnight high of 120.03. While the up-move appears incomplete, any further USD strength is expected to struggle near last week’s peak at 120.30. Expect any pull-back to hold above 119.60.”