USD/JPY still risks further decline in the short-term horizon, noted FX Strategists at UOB Group. 24-hour view: 'We highlighted yesterday that ‘the outlook for USD still appears to be on the soft side but any weakness is unlikely to challenge the major support at 107.65'. However, USD traded in a relatively quiet manner between 107.86 and 108.28 before closing little changed at 108.05 (-0.03%). The underlying tone still appears to be a tad soft but any weakness is viewed as part of a lower range of 107.

https://www.fxstreet.com/news/usd-jpy-prospects-for-extra-downside-unchanged-uob-202104220522

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