USD/JPY faces some near-term consolidation – UOB – by pabspiovano USDJPY Currencies Majors Banks
could attempt some consolidation in the very near term ahead of the probable resumption of the downside.24-hour view: “Last Friday, we highlighted that ‘While further weakness is not ruled out, the massive drop over the past couple of days is overextended and it remains to be seen if USD could challenge the next support at 134.00’. USD subsequently plummeted to 133.60, rebounded to 135.97 before dropping back down to close at 134.30 .
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