Japanese Yen: Stays weak within broad band against US Dollar – UOB

United Overseas Bank’s Quek Ser Leang and Lee Sue Ann report USD/JPY rebounded from 161.26 to trade between 161.55 and 162.48, closing firm at 162.42. They see scope for a test of 162.70 while keeping 163.00 out of view, with support at 162.20/162.00.

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