4 Mar 2016
USD/JPY rangebound near–term – UOB
In view of the research team at UOB Group, USD/JPY is poised to extend its consolidative pattern in the next 1-3 weeks.
Key Quotes
“There is not much to add as USD moved briefly above the top end of our expected 111.00/114.50 range yesterday (high of 114.55)”.
“We remain neutral for now but from here, a clear break out of an expected 112.50/114.50 sideway trading range would indicate the start of a directional move”.
Key Quotes
“There is not much to add as USD moved briefly above the top end of our expected 111.00/114.50 range yesterday (high of 114.55)”.
“We remain neutral for now but from here, a clear break out of an expected 112.50/114.50 sideway trading range would indicate the start of a directional move”.