10 Mar 2016
USD/JPY still neutral in the short-term – UOB
The pair’s outlook remains tilted to the neutral side, reiterated the research team at UOB Group.
Key Quotes
“The recent pick-up in downward momentum fizzled out quickly as USD rebounded strongly from a low of 112.20”.
“We have held a neutral view since the middle of last month and at this stage, there is no change in our outlook”.
“Further choppy can be expected, likely in a broad 112.00/114.00 range”.
Key Quotes
“The recent pick-up in downward momentum fizzled out quickly as USD rebounded strongly from a low of 112.20”.
“We have held a neutral view since the middle of last month and at this stage, there is no change in our outlook”.
“Further choppy can be expected, likely in a broad 112.00/114.00 range”.