USD/JPY clings to the consolidative note – UOB

Market news

11 September 2020

USD/JPY clings to the consolidative note – UOB

FXStreet reports that USD/JPY remains side-lined and is expected to trade between 105.95 and 106.35 in the next weeks.

Next 1-3 weeks: “There is not much to add to our latest narrative from Monday (07 Sep, spot at 106.25). As highlighted, the current movement in USD is likely part of a consolidation phase and USD is expected to trade between 105.50 and 106.90 for a period of time. The price actions over the past few days offer no fresh clues and we continue to hold the same view for now.”

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