In the view of Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia at UOB Group, USD/JPY now targets the key 150.00 region in the ne
In the view of Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia at UOB Group,24-hour view: We indicated yesterday that “the bias for USD is tilted to the upside”. However, we were of the view that “any advance is still unlikely to reach 149.50.” USD then rose more than expected, reaching a high of 149.72. The bias remains tilted to the upside, but today, 150.00 is likely out of reach. The upside bias will fade if USD breaks below 149.05 .
Next 1-3 weeks: Two days ago , we indicated that “upward momentum has improved further and USD could advance to 149.50.” Yesterday , USD rose to a high of 149.72. Upward momentum continues to improve, albeit not much. USD could advance further to 150.00 if it stays above 148.55 . Information on these pages contains forward-looking statements that involve risks and uncertainties.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
USD/JPY: There is certainly a chance of a break above the 150 levelUSD/JPY has moved steadily higher since July. Economists at MUFG Bank analyze the pair’s outlook. Increased volatility and higher trading ranges are l
Read more »
USD/JPY: High chance of intervention but only after a break above the 150 levelUSD/JPY has broken above the 149 level. Economists at MUFG Bank analyze Yen’s outlook. Opposition to currency weakness remains firm We continue to see
Read more »
USD/JPY eyes 150.00 amid hawkish Fed and dovish BoJ, but intervention threats loomUSD/JPY extended its gains early in the North American session after hitting a daily low of 148.86. However, positive data and high US Treasury bond y
Read more »
USD/JPY eyes 150.00 on BoJ Ueda’s dovish commentary and resilient US DollarThe USD/JPY pair faces a less-confident resistance near 149.20 but is expected to resume its upside move toward the crucial resistance of 150.00. The
Read more »
Next target for USD/JPY is seen at 149.50In the view of Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia at UOB Group, extra gains could push USD/JPY to the mid-149.00s s
Read more »
USD/JPY: There is a lot pointing towards higher levelsJPY continued its downtrend against USD on Monday. Economists at Commerzbank analyze Yen’s outlook. A weaker JPY seems fundamentally justified If JPY
Read more »