- Analytics
- News and Tools
- Market News
- USD/JPY is seen navigating within a range bound theme – UOB
USD/JPY is seen navigating within a range bound theme – UOB
USD/JPY is now expected to embark on a consolidative phase in the next weeks, likely within the 128.00-130.80 range.
Key Quotes
24-hour view: “We highlighted last Friday that USD ‘appears to have moved into a consolidation phase and it is likely to trade between 129.10 and 130.55’. Our view for consolidation was not wrong even though USD traded within a narrower range than expected (129.45/130.27). We continue to expect USD to consolidate, likely within a range of 129.35/130.30.”
Next 1-3 weeks: “There is not much to add to our latest update from last Thursday (26 Jan, spot at 129.25). As highlighted, the current movement in USD is likely part of a consolidation phase and we expect USD to trade within a range of 128.00/130.80 for now.”
© 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
