- Analytics
- News and Tools
- Market News
- USD/JPY is now seen within 129.50-133.50 – UOB
USD/JPY is now seen within 129.50-133.50 – UOB
In the opinion of UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang, further consolidation could motivate USD/JPY to trade between 129.50 and 133.50 in the next few weeks.
Key Quotes
24-hour view: “USD soared as it surged to a high of 132.71 before easing off to close higher by 1.24% (132.62). The pullback from the high amid overbought conditions suggests USD is unlikely to advance much further. Today, USD is likely to trade sideways between 131.30 and 132.80.”
Next 1-3 weeks: “On Tuesday (Jan 3) the USD dropped to 129.50 before rapidly recovering. Downward pressure appears to have eased and USD has likely moved into a consolidation phase. From here, USD is likely to trade between 129.50 and 133.50 for a period of time.”
© 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
