USD/JPY still trapped in a range – UOB

FXStreet (Barcelona) - Analysts at UOB Group, maintain their neutral outlook on USD/JPY as the pair continues to trade in its range.

Key Quotes

“USD traded in a listless manner yesterday and there is no change to the current neutral outlook. Only a break out of the expected 118.30/120.10 consolidation range would indicate the start of a sustained mid-term move.”

US fundamentally strong, growth rebound likely – BNPP

Alexandra Estiot, Economist at BNP Paribas, explains that the Q1 weakness for US has continued for several years, and fundamentally US growth looks to rebound, expecting labour market recovery to guide this growth.
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EUR/JPY loses 132 handle on BOJ non-event

EUR/JPY dived deeper in to red in the mid-Asian session, largely on the back of renewed yen strength after Bank of Japan (BOJ) decided to leave its monetary policy settings unadjusted as the bank struggle to drive inflation towards its long-held 2% target.
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