- Analytics
- News and Tools
- Market News
- USD/JPY clings to the consolidative range near term – UOB
USD/JPY clings to the consolidative range near term – UOB
USD/JPY is still seen navigating the 147.00-150.50 range in the next few weeks, suggest UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang.
Key Quotes
24-hour view: We expected USD to trade in a range of 148.60/149.70 yesterday. However, USD traded in a lower and narrower range than expected (148.42/149.24). While we continue to expect USD to trade in a range, the underlying tone has softened, and it is likely to trade in a lower range of 148.10/149.10.
Next 1-3 weeks: Our update from yesterday (09 Oct, spot at 149.20) is still valid. As highlighted, we continue to expect USD to trade in a range, albeit likely in a narrower one of 147.00/150.50.
© 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
