RSS USD/JPY decline is likely part of a lower range – UOB Group

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 RSS USD/JPY decline is likely part of a lower range – UOB Group

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Weakness has not stabilized, but any further US Dollar (USD) decline is likely part of a lower range of 154.90/156.15. In the longer run, USD remains weak; if it breaks below 154.90, the next objective will be at 154.40, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
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