There is a high possibility of additional increases above 148.50 for the USDJPY currency pair, according to UOB. The current rate is at 148.662.

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USDJPY Chart by TradingView

Further advance in USD/JPY remains in the pipeline while above the 148.50 level, suggest UOB Group’s Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia.

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