USD/JPY: Further gains likely above 142.50 – UOB – by pabspiovano USDJPY Currencies Majors Banks
above 142.50 in the short term, note Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group.24-hour view: “The sudden lift-off that sent USD soaring to a high of 142.25 came as a surprise . While the sharp and rapid advance is overbought, there is scope for USD to test 142.50 before the risk of a pullback increases. The next resistance at 143.00 is not expected to come under threat. Support is at 141.50, a break of 141.
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