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29 Oct 2014
USD/JPY to remain in 107.05/108.80 range - UOB Group
FXStreet (Łódź) - The Market Strategy Team at UOB Group believe that USD/JPY will be trading in a 107.05/108.80 range in the nearest future.
Key Quotes
"We continue to hold the view that further short-term USD strength is likely in the coming days but any up-move is not expected to break above the strong resistant at 108.80."
"In other words, we still think this pair is caught in a 107.05/108.80 range for the next couple of weeks."
Key Quotes
"We continue to hold the view that further short-term USD strength is likely in the coming days but any up-move is not expected to break above the strong resistant at 108.80."
"In other words, we still think this pair is caught in a 107.05/108.80 range for the next couple of weeks."