- Analytics
- News and Tools
- Market News
- USD/JPY: Dwindling bets for a move to 145.50 – UOB
USD/JPY: Dwindling bets for a move to 145.50 – UOB
Further upside seems to be losing momentum around USD/JPY according to UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang.
Key Quotes
24-hour view: USD traded in a relatively quiet manner between 144.19 and 144.70 yesterday. The price actions appear to be consolidative and USD is likely to trade in a range of 144.20/144.80 today.
Next 1-3 weeks: The USD strength that started in the middle of last month (see annotations in the chart below) is struggling to maintain its momentum. The prospect for the USD to extend to 145.50 appears to be low. All in all, only a break of 143.90 would suggest that the USD strength has come to an end.
© 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
