USD/JPY bullish above 102.50 – UOB

FXStreet (Edinburgh) - Quek SerLeang, Strategist at UOB Group, suggested a break above 102.50 in USD/JPY would change the stance to bullish from neutral.

Key Quotes

“While the short-term upward momentum has improved considerably, only a daily closing above 102.50 would shift the current neutral outlook to bullish”.

“Otherwise, continue to expect erratic trading for the next several days”.