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9 Jan 2015
USD/JPY still seeing short-term correction - UOB Group
FXStreet (Barcelona) - The Analysts at UOB Group anticipate USD/JPY might move towards 116.75 levels in the next two weeks, as the pair still remains in the short-term correction phase.
Key Quotes
"This pair is still in a short-term consolidation/correction phase and as long as 120.75 is not taken out, we continue to hold the view that USD should eventually move to 116.75 in the next couple of weeks."
Key Quotes
"This pair is still in a short-term consolidation/correction phase and as long as 120.75 is not taken out, we continue to hold the view that USD should eventually move to 116.75 in the next couple of weeks."