UOB suggests that the USDJPY pair, currently trading at 147.421, may have the potential to reach 148.00 in the near future.

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USDJPY Chart by TradingView

There is still scope for USD/JPY to visit the 148.00 region in the short-term horizon, comment Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group.

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