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14 May 2014
USD/JPY remains bearish - UOB Group
FXStreet (Barcelona) - The Market Strategy Team at UOB Group keeps its bearish outlook intact around the USD/JPY.
Key Quotes
"The downward momentum dissipated quickly as USD recovered strongly to reach a high of 102.36 yesterday".
"This level is just below the key resistant for our bearish view at 102.40. As long as this level is intact, we are not ruling out a return towards the low of 101.40/45 seen last week."
Key Quotes
"The downward momentum dissipated quickly as USD recovered strongly to reach a high of 102.36 yesterday".
"This level is just below the key resistant for our bearish view at 102.40. As long as this level is intact, we are not ruling out a return towards the low of 101.40/45 seen last week."