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November 12, 2024

USD/JPY: More likely to trade in a 153.00/154.10 range – UOB Group

Instead of continuing to advance, USD is more likely to trade in a 153.00/154.10 range. In the longer run, upward momentum has eased; USD is expected to trade in a 151.30/154.70 range, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note.

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