USD/JPY faces solid support around 138.00 – UOB – by pabspiovano USDJPY Currencies Majors Banks
is seen facing tough contention in the 138.00 region in the near term, suggested Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group.24-hour view: “USD plunged to a low of 138.45 in late NY trade last Friday before rebounding. The rebound amid oversold conditions suggests USD is unlikely to weaken much further. For today, USD is more likely to trade between 138.40 and 140.30.”
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