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13 Jan 2016
USD/JPY keeps the bearish outlook near term – UOB
FXStreet (Edinburgh) - In view of strategists at UOB Group, spot keeps the bearish stance in the short-term.
Key Quotes
“The sudden and sharp rebound yesterday has clearly dented the downward momentum in USD”.
“However, confirmation of a low is only upon a break of the stop-loss at 118.40. Those who are shorts from last week may likely to book profit on any dip close to 116.45”.
Key Quotes
“The sudden and sharp rebound yesterday has clearly dented the downward momentum in USD”.
“However, confirmation of a low is only upon a break of the stop-loss at 118.40. Those who are shorts from last week may likely to book profit on any dip close to 116.45”.