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USD/JPY: Oversold conditions suggest any decline may not reach 150.60 – UOB Group

Further weakness US Dollar (USD) is not ruled out; deeply oversold conditions suggest any decline may not reach 150.60. In the longer run, USD outlook remains negative; the level to monitor is 150.00, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.

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