Ekonomické zprávy
21.10.2021

USD/JPY: A sustainable move above 115.00 looks unlikely – UOB

FXStreet reports that UOB Group’s FX Strategists remain of the view that USD/JPY still targets the 115.00 level in the near term.

Next 1-3 weeks: “There is not much to add to our update from yesterday. As highlighted, the focus now is at 115.00 even though deeply overbought conditions suggest that the odds for a sustained advance above 115.00 are not high. On the downside, a breach of 113.75 (no change in ‘strong support’ level from yesterday) would indicate that the USD strength that started about 2 weeks ago has come to an end.”

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