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USD/JPY to remain in 107.05/108.80 range - UOB Group

FXStreet (Łódź) - The Market Strategy Team at UOB Group believe that USD/JPY will be trading in a 107.05/108.80 range in the nearest future.

Key Quotes

"We continue to hold the view that further short-term USD strength is likely in the coming days but any up-move is not expected to break above the strong resistant at 108.80."

"In other words, we still think this pair is caught in a 107.05/108.80 range for the next couple of weeks."

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