UBS: view on USD/JPY and USD/CHF
Bullish on USD/JPY:
Any downside should be limited as bullish conditions persist. Support is at 98.78 ahead of 97.64. Resistance is at 101.53 ahead of 103.74, indicating a bullish outlook.
Chart. Daily USD/JPY
Bearish on USD/CHF:
Support at 0.9265, a breach of which would trigger a deeper sell-off to 0.9147. Resistance is at 0.9371 ahead of 0.9456.
Chart. Daily USD/CHF