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Flash: USD/JPY has 103.74 in it’s sights – UOB Group

FXstreet.com (Barcelona) – Quek Ser Leang, Market Strategist at UOB Group comments that the next USD/JPY target at 103.74 will likely come under threat sooner than expected

Key Quotes

“The high of 102.28 early this morning came close to the bullish target highlighted at 102.53 on Monday.”

“The strong upward momentum suggests that a break above this level is likely and the next target at 103.74 (this year’s high) will likely come under threat sooner than expected.”

“The key support has moved higher quickly to 101.00 and as long as this level is intact for the next few days, a break of …read more