USD/JPY is still seen navigating the 147.00-150.50 range in the next few weeks, suggest UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek
Ser Leang. Key Quotes 24-hour view:We expected USD to trade in a range of 148.60/149.70 yesterday. However, USD traded in a lower and narrower range than expected .
While we continue to expect USD to trade in a range, the underlying tone has softened, and it is likely to trade in a lower range of 148.10/149.10. Next 1-3 weeks:Our update from yesterday is still valid. As highlighted, we continue to expect USD to trade in a range, albeit likely in a narrower one of 147.00/150.50.
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