USD/JPY is seen navigating within a range bound theme – UOB – by pabspiovano USDJPY Currencies Majors Banks
is now expected to embark on a consolidative phase in the next weeks, likely within the 128.00-130.80 range.24-hour view: “We highlighted last Friday that USD ‘appears to have moved into a consolidation phase and it is likely to trade between 129.10 and 130.55’. Our view for consolidation was not wrong even though USD traded within a narrower range than expected . We continue to expect USD to consolidate, likely within a range of 129.35/130.30.
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