USD/JPY is now expected to trade within a sideline theme in the short-term horizon, suggested FX Strategists at UOB Group.
While USD edged to a high of 106.69, the advance lacks momentum and is viewed as part of a broader sideway trading range. That said, there is room for USD to rise to further even though a break of 107.00 would come as a surprise. Support is at 106.40 followed by the stronger level at 106.20
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