USD/JPY focus shifts to 108.30 – UOB

Strategists at UOB Group now see USD/JPY to advance to the 108.30 region in the next 1-3 weeks.

Key Quotes

“USD just moved above 107.00 at the time of writing”.

“The revised target of 107.45/50 appears to be within reach”.

“A clear break above this level would shift the focus to 108.30. Stop-loss adjusted higher to 105.70 from 104.70”

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