Flash: USD/JPY caught in trading range? - UOB Group

FXStreet (Barcelona) - Market Strategists at UOB Group note that the sideway USD/JPY consolidation yesterday reinforces our view that the pair is caught in a trading range for the next several days.

Key Quotes

“The critical levels are at 101.30 and 103.00. Looking further ahead, unless there is a clear break above 103.00, the current consolidation suggests an eventual downside move. In the meanwhile, continue to expect 101.30/103.00 range.”