USD/JPY now moved into a consolidative phase – UOB By pabspiovano USDJPY Currencies Majors Banks
’s rally appears over and it could now navigate within the 121.00-124.50 range in the next weeks, noted FX Strategists at UOB Group.as USD traded within a wider range than expected . The underlying tone firmed somewhat and USD could move higher to 123.30. The major resistance at 124.50 is not expected to come into the picture. Support is at 121.60 followed by 121.30.”
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