USD/JPY faces some near-term consolidation – UOB – by pabspiovano USDJPY Currencies Majors Banks
could attempt some consolidation in the very near term ahead of the probable resumption of the downside.24-hour view: “Last Friday, we highlighted that ‘While further weakness is not ruled out, the massive drop over the past couple of days is overextended and it remains to be seen if USD could challenge the next support at 134.00’. USD subsequently plummeted to 133.60, rebounded to 135.97 before dropping back down to close at 134.30 .
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.
EUR/USD: Further upside remains in the pipeline – UOBMarkets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia at UOB Group noted further upside momentum in EUR/USD still remains on the table
Read more »
GBP/USD now looks at 1.2400 – UOBIn the opinion of Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia at UOB Group, GBP/USD now shifts the focus to the 1.2400 regio
Read more »
USD/JPY sees a downside to near 134.00 as investors await US Services PMIThe USD/JPY pair has attempted a break above the immediate hurdle of 134.50 in the Tokyo session. The asset is expected to remain on the tenterhooks a
Read more »
AUD/USD: The continuation of the uptrend needs to break above 0.6850 – UOBA potential move to 0.6915 remains on the cards once AUD/USD clears 0.6850, suggest Markets Strategist Quek Ser Leang and Senior FX Strategist Peter C
Read more »
What Strategist Readers Bought in November: Pill Organizers and Plush RobesNovember's top-selling products, most popular gift guide, and more
Read more »