USD/JPY: Risks remain tilted to the downside – UOB

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USD/JPY: Risks remain tilted to the downside – UOB
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USD/JPY: Risks remain tilted to the downside – UOB – by pabspiovano USDJPY Currencies Majors Banks

could face extra weakness in the next few weeks, suggest UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang.24-hour view: “We expected USD to “trade sideways within a range of 138.20/139.30” yesterday. However, USD traded within a wider range than expected before settling at 138.68 . Momentumare “flattish” and we continue to expect USD to trade sideways, expected to be within a range of 138.00/139.40.

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