RSS USD/JPY to retest 156.70 before pulling back – UOB Group

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 RSS USD/JPY to retest 156.70 before pulling back – UOB Group

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Chance for US Dollar (USD) to retest 156.70 before a more sustained pullback is likely. In the longer run, USD weakness has stabilized; it is likely to consolidate between 155.30 and 157.55 for the time being, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
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