RSS USD/JPY: Likely to trade with a downward bias – UOB Group

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 RSS USD/JPY: Likely to trade with a downward bias – UOB Group

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US Dollar (USD) is likely to trade with a downward bias; any decline is viewed as part of a lower range of 155.80/157.00. In the longer run, rapid increase in momentum indicates further USD weakness, with a technical target at 154.90, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note.
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