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."



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    A Fundamental Push for Key EURUSD, GBPUSD and USDJPY Levels?

  2. Forex News

    EURUSD and GBPUSD Will Decide Make-or-Break In Holiday Trading Conditions

  3. Forex News

    USDJPY Stands at 2015 High With Fed and BoJ Policy in the Forefront

  4. Forex News

    USD/JPY: A bullish scenario on 121 handle - UOB

  5. Forex News

    USD/JPY bulls looking for a break away

Trading Center