USD/JPY still rangebound around 112/114.55 – UOB

The research team at UOB Group has reiterated its neutral stance on USD/JPY for the next 1-3 weeks.

Key Quotes

“We have held a neutral view since the middle of last month and at this stage, there is no change in our outlook”.

“Further choppy can be expected, likely in a broad 112.00/114.00 range”.