USD/JPY still targets the 150.00 mark near term – UOB – by pabspiovano USDJPY Currencies Majors Banks
, a test of the 150.00 still remains on the cards, note UOB Group’s Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia.24-hour view: “Yesterday, we held the view that ‘overbought advance in USD could extend above 149.00 but major resistance at 150.00 is unlikely to come into view’. USD subsequently rose to a high of 149.08. While upward momentum has improved, the advance in USD has moved deeper into overbought territory. However, as long at 147.
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