USD/JPY: Further strength is not ruled out – UOB Group

  • Further US Dollar (USD) strength is not ruled out against Japanese Yen (JPY); any advance is likely part of a higher range of 146.75/147.60. In the longer run, USD view remains positive; overbought conditions suggest a slower pace of advance, and 148.05 may not come into the picture so soon, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.