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Posted by
Two Blokes Fri at 1:00 PM -
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Forex
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Scope for US Dollar (USD) to rise further vs Japanese Yen (JPY); overbought conditions suggest any advance might not be able to break above 146.55. In the longer run, rally has gained momentum, but USD must first break clearly above 146.55 before a further sustained rise is likely, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
