USD/JPY range trade expected – UOB

FXStreet (Barcelona) - Analysts at UOB Group, expect USD/JPY to remain trapped in the 121.10-121.80 range.

Key Quotes

“USD/JPY was underpinned by rallying equities. The pair is currently trading near yesterday’s highs of 121.63, though it’s still a long way short of matching Tuesday’s brief look over 122.00.”

“USD traded sideways as expected and the outlook remains mixed from here. Expect further range trading, albeit at a higher range of 121.10/121.80.”