USD/JPY neutral, range-trade expected– UOB

FXStreet (Barcelona) - Analysts at UOB Group, believe that USD/JPY might continue to trade in tight ranges, with 120.50 being the key upside level for the pair.

Key Quotes

“USD traded in a narrow 119.45/119.82 range yesterday and there is no change to our current neutral outlook.”

“The key levels are still at 118.40 on the downside and 120.50 on the upside.”

“Based on the current flat momentum, this pair may continue to trade in tight ranges for another few days more.”