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8 Jan 2015
USD/JPY might consolidate in the short term – UOB
FXStreet (Barcelona) - The Team at UOB shares that the short-term USD/JPY movement is a part of a consolidation phase, after which the pair might move lower towards 116.75 levels.
Key Quotes
“The short-term movement is likely part of a consolidation/correction phase which may last for a few days. As long as 120.75 is not taken out, we expect an eventual move lower to 116.75 in the next couple of weeks.”
Key Quotes
“The short-term movement is likely part of a consolidation/correction phase which may last for a few days. As long as 120.75 is not taken out, we expect an eventual move lower to 116.75 in the next couple of weeks.”