USD/JPY re-shifts the attention to 127.50 – UOB By pabspiovano USDJPY Banks Currencies Majors
seems to have opened the door to a probable move to the 127.50 region in the next weeks, suggested FX Strategists at UOB Group Lee Sue Ann and Quek Ser Leang.24-hour view: “Our view for USD to ‘trade sideways between 128.80 and 129.80’ yesterday was incorrect as USD plummeted to 128.00. The swift build-up in momentum is likely to lead to further USD weakness even though oversold conditions suggest that a break of the major support at 127.50 is unlikely. On the upside, a breach of 128.
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