Market news
03.09.2019, 11:23

USD/JPY remains sidelined for the time being – UOB

FX Strategists at UOB Group notes the USD/JPY is seen keeping the broader consolidative theme in the next week.

  • "24-hour view: Expectation for USD to “test 105.80 first before stabilizing” did not materialize as USD traded in a relatively quiet manner. The current movement is viewed as part of consolidation and USD is likely to trade sideways for today, expected to be within a 105.90/106.40 range.
  • Next 1-3 weeks: USD surrendered some of Thursday’s gain as it closed lower by -0.19% (106.29) last Friday (30 Aug). The price action offers no fresh clues and we continue to expect USD to “trade sideways and within a broad range” for now. In other words, the outlook remains mixed and USD trade between 105.00 and 107.00 for a while more."


© 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.

AML Website Summary

Risk Disclosure

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.

Privacy Policy

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
Feedback
Live Chat E-mail
Up
Choose your language / location