<p>Japan’s benchmark 10-year JGB yield is pulled above BoJ’s cap of 0.25% in Asian session today. That triggered intervention by BoJ to defend the ceiling. At the same time, USD/JPY
In the view of UOB Group’s Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia, AUD/USD is now expected to navigate within the 0.6350-0.6525 range in the next few weeks.
<p>Pivot (invalidation): 1.1255 Our preference Short positions below 1.1255 with targets at 1.1225 & 1.1205 in extension. Alternative scenario Above 1.1255 look for further upside with 1.12
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