USD/JPY still neutral, looks to 110.50 – UOB

The pair’s outlook remains neutral, while a test of the mid-110.00s still appears on the cards, suggested FX Strategists at UOB Group. Key Quotes 24-hour view: “Expectation for USD to trade sideways was incorrect as it rose to a high of 109.66. The strong daily closing (closed at 109.65 in NY) suggests further upward pressure […]

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