- Analytics
- News and Tools
- Market News
- USD/JPY: To trade between 148.80 and 150.70 – UOB Group
USD/JPY: To trade between 148.80 and 150.70 – UOB Group
Outlook is unclear; US Dollar (USD) could trade between 148.80 and 150.70 vs Japanese Yen (JPY). In the longer run, failure to hold below 148.50 suggests USD could enter a period of indecision, trading in a 148.00/151.50 range for now, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
USD can enter a period of indecision
24-HOUR VIEW: USD traded in a volatile manner on Monday. Yesterday, we indicated that 'the outlook is unclear after the choppy price action,' and we expected USD to 'trade in a broad range between 148.50 and 150.50.' USD subsequently traded in a volatile manner, dropping to a low and then reversing sharply to reach 149.88. We are still unable to derive much out of the choppy price movements. Today, USD could trade between 148.80 and 150.70."
1-3 WEEKS VIEW: "Yesterday (04 Mar, spot at 149.45), we highlighted that 'the bias for USD is slightly tilted to the downside, but it is unclear for now whether it can break and stay below 148.50.' USD subsequently dropped below 148.50, but it rebounded strongly to close at 149.80 (+0.20%). The failure to hold below 148.50 suggests USD could enter a period of indecision, trading in 148.00/151.50 for now."
© 2000-2025. 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.
