USD/JPY remains looking neutral - UOB Group

By FXstreet.com | Updated July 28, 2014 AAA

FXStreet (Guatemala) - The Market Strategy Team at UOB Group notes the conditions surrounding the USD/JPY as neutral.



Key Quotes



"Despite improving short-term upward momentum it is premature to expect the current neutral outlook to shift to bullish. 102.00 is a strong resistant and this level may continue to cap for a few more days."



"However, in the event of a break above this level, USD could accelerate higher quickly towards 102.30.101.40 is a strong short-term support now."



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