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USD/JPY is still seen navigating the 140.00-143.30 range for the time being, comment UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang.
24-hour view: Our view for USD to weaken yesterday was incorrect. Instead of weakening, USD rebounded to a high of 142.59. Upward momentum has improved a tad, and today, USD is likely to edge higher. However, any advance is not expected to threaten the major resistance at 143.30 (there is another resistance at 142.90). On the downside, if USD breaks below 141.90, it would mean that the current mild upward pressure has eased.
Next 1-3 weeks: Yesterday (07 Aug, spot at 141.60), we highlighted that “the recent buildup in upward pressure has faded” and we expected USD to” trade in a broad range of 140.00/143.30 for now.” There is no change in our view.
風險提示：本文所述僅代表作者個人觀點，不代表 Followme 的官方立場。Followme 不對內容的準確性、完整性或可靠性作出任何保證，對於基於該內容所採取的任何行為，不承擔任何責任，除非另有書面明確說明。
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