USDJPY appears stuck within the 138.50-142.50 range – UOB – by pabspiovano USDJPY Currencies Majors Banks
faces further range bound trading, likely between 138.50 and 142.50, in the next weeks, suggest UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang.24-hour view: “Last Friday, we held the view that USD ‘is unlikely to advance further’ and we expected it to ‘trade between 139.50 and 140.80’. USD subsequently traded within a narrower range than expected . Momentumare mostly neutral and we expect USD to trade sideways today, likely within a range of 139.65/140.60.
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