17 Feb 2016
USD/JPY keeps the range near-term – UOB
The research team at UOB Group expects USD/JPY to navigate the 112.00-117.00 range in the next weeks.
Key Quotes
“We just shifted to a neutral stance yesterday and there is no change to the view”.
“The near-term outlook is rather clouded due to the recent spike in volatility and at this stage, we prefer to hold the view that this pair is to trade in a broad 112.00/117.00 range for now”.
Key Quotes
“We just shifted to a neutral stance yesterday and there is no change to the view”.
“The near-term outlook is rather clouded due to the recent spike in volatility and at this stage, we prefer to hold the view that this pair is to trade in a broad 112.00/117.00 range for now”.