RSS USD/JPY: Upward bias to remain intact as long as 156.80 is not breached – UOB Group

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 RSS USD/JPY: Upward bias to remain intact as long as 156.80 is not breached – UOB Group

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US Dollar (USD) could rise, but it does not appear to have enough momentum to reach 159.00. In the longer run, USD is expected to trade with an upward bias; any advance is expected to face significant resistance at 159.00, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note.
 
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