29 May 2014
USD/JPY outlook remains neutral - UOB Group
FXStreet (Edinburgh) - The Market Strategy Team at UOB Group keeps the neutral outlook for the USD/JPY.
Key Quotes
"The drop towards 101.64 yesterday has eased the short-term upward pressure. The outlook is mixed from here and until there is a clear break above the critical resistant at 102.15, the mid-term outlook remains neutral for now. Expect sideway trading between 101.35 and 102.15 going into the early part
of next week."
Key Quotes
"The drop towards 101.64 yesterday has eased the short-term upward pressure. The outlook is mixed from here and until there is a clear break above the critical resistant at 102.15, the mid-term outlook remains neutral for now. Expect sideway trading between 101.35 and 102.15 going into the early part
of next week."