USD/JPY neutral view unchanged – UOB

The research team at UOB Group has reiterated the rangebound pattern should prevail in USD/JPY in the next weeks.

Key Quotes

“As indicated last Friday, the recent short-term USD strength is viewed as a part of a consolidation phase and not the start of a sustained rally”.

“The quick pull-back from the 103.39 high last Friday reinforces our current neutral view for this pair”.

“The near-term outlook remains mixed and we expect further sideway trading, likely within a broad 101.00/105.00 range”.