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USD/JPY still holds a neutral outlook – UOB

The research team at UOB Group sees USD/JPY sticking to the neutral stance in the next 1-3 weeks.

Key Quotes

“The current extreme volatility is showing no signs of abating. USD plunged to a low of 103.30 earlier this morning before rebounding sharply and rapidly to current level”.

“USD plunged to a low of 103.30 earlier this morning but recovered within minutes back to current level. The unclear outlook is made worse by the wild swing and we prefer to hold a neutral view from here”.

“More volatility seems likely with BOJ coming up and further choppy trading can be expected, likely within a very broad 103.00/107.00 range”.

EUR/USD flirts with 1.1100 post-EMU data

The common currency keeps the firm footing at the end of the week, with EUR/USD toying with the 1.1100 region following EMU’s releases. EUR/USD clinc
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USD/CHF risks a potential test of 0.9696 – Commerzbank

Karen Jones, Head of FICC Technical Analysis at Commerzbank, sees the likeliness of the pair to visit 0.9696. Key Quotes “USD/CHF has temporarily to
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