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Posted by
Two Blokes Jul 15 -
Filed in
Forex
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5 views
Further US Dollar (USD) strength is not ruled out against Japanese Yen (JPY); negative divergence suggests any advance is unlikely to break above 148.05. 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.
