- Analytics
- News and Tools
- Market News
- USD/JPY sticks to the consolidation theme – UOB
USD/JPY sticks to the consolidation theme – UOB
FXStreet reports that FX Strategists at UOB Group said that USD/JPY is expected to keep the 103.70-105.00 range unchanged for the time being.
Next 1-3 weeks: “We highlighted on Tuesday that the current movement in USD is viewed as the early stages of a consolidation phase and we expected USD to trade between 103.70 and 105.30. There is no change in our view but the decrease in volatility suggests that a 103.70/105.00 range is likely enough to contain the price actions in USD, at least for a few more days.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
