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USD/JPY 116 cannot be ruled out - UOB

FXStreet (Barcelona) - The Research Team at UOB view the USD/JPY reaching 116 in mid-term backed by a strong dollar.

Key Quotes

"In the short-term, USD continues to trade in a choppy manner between 114.90 and 116.00. The immediate outlook is unclear but as long as the key support at 114.40 is intact, further mid-term USD strength above 116.00 cannot be ruled out just yet."

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