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30 Oct 2014
Further USD/JPY up-move expected in the coming days - UOB Group
FXStreet (Łódź) - The Market Strategy Team at UOB Group believe that USD/JPY should continue climbing in the nearest future.
Key Quotes
"The anticipated short-term USD strength broke above the strong resistant at 108.80 suggesting further up-move in the coming days."
"Expect a move towards 109.70 but the year-to-date high of 110.07 is likely out of reach for now."
"Key support is at 107.90 with strong intermediate support at 108.35."
Key Quotes
"The anticipated short-term USD strength broke above the strong resistant at 108.80 suggesting further up-move in the coming days."
"Expect a move towards 109.70 but the year-to-date high of 110.07 is likely out of reach for now."
"Key support is at 107.90 with strong intermediate support at 108.35."