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Further USD/JPY up-move expected in the coming days - UOB Group

FXStreet (Łódź) - The Market Strategy Team at UOB Group believe that USD/JPY should continue climbing in the nearest future.

Key Quotes

"The anticipated short-term USD strength broke above the strong resistant at 108.80 suggesting further up-move in the coming days."

"Expect a move towards 109.70 but the year-to-date high of 110.07 is likely out of reach for now."

"Key support is at 107.90 with strong intermediate support at 108.35."

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