The USDJPY currency pair is currently trading at 145.432. However, there is less upward pressure on the pair, as it is finding resistance below the 144.00 level, according to UOB.

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USDJPY Chart by TradingView

A break below the 144.00 level should alleviate the upside pressure in USD/JPY in the short-term horizon, comment UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang.

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