The research team at UOB Group has reiterated the neutral perspective of USD/JPY in the near term.
Key Quotes
“There is not much to add as USD moved briefly above the top end of our expected 111.00/114.50 range yesterday (high of 114.55)”.
“We remain neutral for now but from here, a clear break out of an expected 112.50/114.50 sideway trading range would indicate the start of a directional move”.
(Market News Provided by FXstreet)