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- Outlook for USD/JPY remains mixed so far - UOB
Outlook for USD/JPY remains mixed so far - UOB
FXStreet reports that FX Strategists at UOB note that further rangebound trade is expected in USD/JPY in the short-term horizon, most likely between 109.50 and 110.70.
24-hour view: “Momentum indicators are still mostly ‘flat’ and further sideway-trading would not be surprising. Expected range for today, 109.95/110.40.”
Next 1-3 weeks: “Our update from yesterday (23 Jul, spot at 110.20) still stands. As highlighted, the outlook is mixed USD could trade within a 109.50/110.70 range for now.”
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