Sharp advance reinforces view that the US Dollar (USD) could recover further to 145.50, UOB Group FX strategists Quek Ser Leang and Peter Chia note.

USD/JPY can go up to 145.50

24-HOUR VIEW: “We expected USD to trade between 143.00 and 144.20 yesterday. USD subsequently traded in a wider range of 143.11/144.68, closing at 143.21 (-0.27%). The price action still seems to be part of a range trading phase, even though it is likely to trade in a lower range of 142.30/144.10 today.”