USD/JPY faces extra gains above 136.00 – UOB By pabspiovano USDJPY Banks Currencies Majors
remains well in place and faces further advance once 136.00 is cleared, according to FX Strategists at UOB Group Lee Sue Ann and Quek Ser Leang.24-hour view: “We expected USD to ‘trade in a choppy manner between 131.80 and 133.80’ last Friday. We did not expect the outsized surge as USD jumped to a high of 135.42. The rapid rise has scope to extend but deeply overbought conditions suggest that a sustained rise above 135.60 is unlikely . On the downside, a breach of 134.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
USD/JPY remains on the defensive amid weaker USD, downside seems cushionedThe USD/JPY pair attracted some sellers near the 135.45 region on Monday and retreated over 90 pips from the vicinity of a 24-year peak touched last w
Read more »
USD/JPY looks to reclaim 135.60 on Fed-BOJ policy divergence, Japan inflation in focusThe USD/JPY pair is displaying a bullish bias in the early Asian session. The asset is advancing to reclaim its fresh multi-year high at 135.59 on div
Read more »
Gold Price Forecast: XAU/USD shifts above $1,840 as DXY loses appeal on lower PMI forecastsGold price (XAU/USD) has displayed a firmer rebound above $1,835.00 in the Asian session after sensing a selling pressure at the open. The precious me
Read more »
USD/INR Price News: Indian rupee bulls barely cheer USD pullback, softer oil around 78.00USD/INR Price News: Indian rupee bulls barely cheer USD pullback, softer oil around 78.00 By anilpanchal7 USDINR RiskAppetite Inflation Fed CentralBanks
Read more »
GBP/JPY lacks momentum strength around 165.00, UK PMIs, BOE policymakers eyedGBP/JPY remains directionless after a three-day uptrend, not to forget snapping the four-week uptrend, as traders await the Bank of England (BOE) poli
Read more »
BTC/USD Forex Signal: BTC Crash Sees No End as it FallsThe BTC/USD pair crash continued during the weekend as sentiment in the cryptocurrency industry waned.
Read more »