Flash: USD/JPY - Dollar could have found a short term low - UOB Group

FXStreet (Barcelona) - Quek Ser Leang, Market Strategist at UOB Group feels that it is getting increasingly likely that USD has found a short-term low.

Key Quotes

“However, only a clear break of 102.85 will shift the outlook to bullish.”

“Otherwise, the current up-move could be part of an extended counter-trend rally. In the meanwhile, the outlook is considered neutral for sideway trading between 101.50 and 102.85.”