USD/JPY: Any advance may be limited to 147.20 – UOB Group

  • Strong momentum is likely to continue to outweigh overbought conditions, but any advance may be limited to 147.20. In the longer run, US Dollar (USD) outlook remains positive against Japanese Yen (JPY); the next levels to watch are 147.20 and 147.60, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.