- Analytics
- News and Tools
- Market News
- USD/JPY: A move to 150 now appears on the horizon – UOB
USD/JPY: A move to 150 now appears on the horizon – UOB
In the view of Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia at UOB Group, USD/JPY now targets the key 150.00 region in the next few weeks.
Key Quotes
24-hour view: We indicated yesterday that “the bias for USD is tilted to the upside”. However, we were of the view that “any advance is still unlikely to reach 149.50.” USD then rose more than expected, reaching a high of 149.72. The bias remains tilted to the upside, but today, 150.00 is likely out of reach. The upside bias will fade if USD breaks below 149.05 (minor support is at 149.20).
Next 1-3 weeks: Two days ago (26 Sep, spot at 148.95), we indicated that “upward momentum has improved further and USD could advance to 149.50.” Yesterday (27 Sep), USD rose to a high of 149.72. Upward momentum continues to improve, albeit not much. USD could advance further to 150.00 if it stays above 148.55 (‘strong support’ level previously at 148.10).
© 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
