USD/JPY keeps the mixed outlook unchanged - UOB

FXStreet reports that UOB Group’s FX Strategists notes the outlook for USD/JPY remains mixed for the time being.

24-hour view: “Our expectation for USD to ‘dip below 103.50’ did not materialize as it traded in a quiet manner between 103.60 and 103.91. The price actions offer no fresh clues and USD could continue to trade sideways, likely between 103.50 and 104.00.”

Next 1-3 weeks: “The outlook is mixed and USD could trade between 103.00 and 104.40 for now. Looking forward, the risk for a break of 104.40 first appears to be higher but USD could trade within the range for a while more.”