Japanese Yen: Volatile but confined to broad range against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann describe highly volatile USD/JPY trading, with swings between 157.39 and 158.74 before a close at 158.42 as lower US yields supported the Japanese Yen. They see limited directional edge intraday, expecting a 157.70–158.70 range, and maintain a one-to-three-week range-trading view between 157.00 and 159.00.
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