USD/JPY now focuses on 133.35 and 134.75 – UOB
Further improvement in the sentiment could motivate USD/JPY to revisit the 133.75 level ahead of 134.75 in the short term, note Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group.
24-hour view: “USD lifted off last Friday and rocketed to a high of 131.21. USD extended its ascent in Asian trade today. While further USD gains are possible, the major resistance at 133.35 might not come into view today (next resistance is at 134.75). In order to keep the overbought momentum going, USD should not move below 131.10 (minor support is at 131.6.”
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