The current level of the USDJPY currency pair at 142.906 suggests that it is likely to see a potential move towards the 145.00 level, according to UOB.
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The strong upside momentum could now motivate USD/JPY to retest the 145.00 region in the next weeks, according to UOB Group’s Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia.
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