- Analytics
- News and Tools
- Market News
- USD/JPY: Set to recover further to 145.50 – UOB Group
USD/JPY: Set to recover further to 145.50 – UOB Group
Sharp advance reinforces view that the US Dollar (USD) could recover further to 145.50, UOB Group FX strategists Quek Ser Leang and Peter Chia note.
USD/JPY can go up to 145.50
24-HOUR VIEW: “We expected USD to trade between 143.00 and 144.20 yesterday. USD subsequently traded in a wider range of 143.11/144.68, closing at 143.21 (-0.27%). The price action still seems to be part of a range trading phase, even though it is likely to trade in a lower range of 142.30/144.10 today.”
1-3 WEEKS VIEW: “Our update from two days ago (23 Sep, spot at 144.20) remains valid. As highlighted, the strong advance in USD last week reinforces our view that USD could recover further to 145.50. Our view will be invalidated if USD breaks below 141.90 (no change in ‘strong support’ level).”
© 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
