29 Feb 2016
USD/JPY neutral perspective near-term – UOB
The outlook for USD/JPY in the next 1-3 weeks appears as neutral, suggested the research team at UOB Group.
Key Quotes
“While USD continues to move higher, the outlook is still viewed as neutral unless there is a clear break above the key 114.50 resistance”.
“In the meanwhile, this pair is expected to continue to trade in a choppy manner but likely holding between 111.00 and 114.50”.
“That said, based on the current momentum, a retest of the 111.00 low appears unlikely”.
Key Quotes
“While USD continues to move higher, the outlook is still viewed as neutral unless there is a clear break above the key 114.50 resistance”.
“In the meanwhile, this pair is expected to continue to trade in a choppy manner but likely holding between 111.00 and 114.50”.
“That said, based on the current momentum, a retest of the 111.00 low appears unlikely”.