USDJPY: Room for further decline in the short term – UOB – by pabspiovano USDJPY Currencies Majors Banks
should not be ruled out in the near term, suggest UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang.24-hour view: “We highlighted yesterday that USD “could continue to trade in a volatile manner between 138.35 and 140.35”. USD subsequently traded within a narrower range than expected . The price actions are likely part of a consolidation and we expect USD to trade within a range of 138.90/140.20 today.
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