- Analytics
- News and Tools
- Market News
- USD/JPY sticks to the range bound trade – UOB
USD/JPY sticks to the range bound trade – UOB
In the view of Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia at UOB Group, USD/JPY is now expected to maintain a consolidative mood, likely between 145.90 and 150.50.
Key Quotes
24-hour view: Yesterday, we held the view that the outlook for USD is mixed, and it “could trade in a choppy manner between 148.00 and 149.90.” However, it traded in a relatively narrow range between 148.72 and 149.31 before closing little changed at 149.12 (+0.07%). The outlook remains mixed. Today, we expect USD to trade between 148.00 and 149.55.
Next 1-3 weeks: There is not much to add to our update from yesterday (04 Oct, spot at 149.10). As highlighted, the sharp fluctuations two days ago have mudded the outlook. For the time being, USD could trade in a broad range of 145.90/150.50.
© 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
