USD/JPY: a BREAK of 109.30 opens 110 - UOB

Analysts at UOB Group explained that despite the pullback from the high, the current undertone in USD/JPY remains solid.

Key Quotes:

"We continue to expect USD to stay supported for now."

"A break of 109.30 would indicate that USD is ready for a move to 110.00. Only a break of 108.15 (‘key support’ previously at 107.80) would indicate that a top is in place."