USD/JPY: Likely to trade between 142.10 and 145.50 – UOB Group

  • There is scope for US Dollar (USD) to continue to weaken against Japanese Yen (JPY); the major support at 142.10 is unlikely to come under threat. In the longer run, price action suggests that USD is still trading in a range, most likely between 142.10 and 145.50, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.