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USD/JPY: Current price movements are likely part of a consolidation phase – UOB Group

Further range trading seems likely, probably between 157.30 and 158.30. In the longer run, current price movements are likely part of a consolidation phase, expected to be between 156.50 and 158.50, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.

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