USD/JPY is expected to meet solid support around 113.60 – UOB By pabspiovano USDJPY Currencies Majors Banks
is seen facing a tough barrier around 113.60 in the next weeks, suggested FX Strategists at UOB Group.24-hour view: “We expected USD to ‘test 114.30’ yesterday and we were of the view that ‘the next support 114.00 is not unlikely to come into the picture’. The subsequent weakness exceeded our expectations as USD dropped to 113.98 before settling on a soft note at 114.17 . While deeply oversold, the weakness in USD has yet to stabilize.
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