FX Strategist at UOB looking upside bias in USDJPY

24-hour view: “Expectation for USD to move higher did not materialize as it traded in a quiet manner after briefly touching a fresh high of 109.06. Up

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24-hour view: “Expectation for USD to move higher did not materialize as it traded in a quiet manner after briefly touching a fresh high of 109.06. Upward momentum has eased quickly and the current price action is viewed as part of a consolidation phase. From here, USD is expected to trade sideways between 108.70 and 109.10”.-Pablo Piovano(FxStreet) reports 

currently USD JPY  narrowed since Asian Session waiting for the ADP data in intraday before further move in between comment from UOB’s FX strategist as reported by FxStreet for the USDJPY on bullish bias .

In the further chart development the chart in this week been developed at recent month high situated at 109.06 and further the pair rejected previous day from monthly highs and taking a narrowed up trend channel .

  

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