USD/JPY: more of the same range - UOB

FXStreet (Guatemala) - Quek Ser Leang, analyst at UOB Group, explained that they expect further listless trading between 118.40 and 120.50 in USD/JPY.

Key Quotes:

"Recent attempts to break out of the consolidation range have failed and the current sideway trading is expected to last for at least another week."

"In other words, we continue to expect listless sideway trading between 118.40 and 120.50 from here."

"Support: 119.10, 118.40 Resistances: 120.00, 120.50."