USD/JPY: Risks remain tilted to the downside – UOB – by pabspiovano USDJPY Currencies Majors Banks
could face extra weakness in the next few weeks, suggest UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang.24-hour view: “We expected USD to “trade sideways within a range of 138.20/139.30” yesterday. However, USD traded within a wider range than expected before settling at 138.68 . Momentumare “flattish” and we continue to expect USD to trade sideways, expected to be within a range of 138.00/139.40.
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: A decline to 137.00 appears unfavoured – UOBUSD/JPY remains under pressure for the time being, although a deeper pullback to the 137.00 region looks out of favour in the short term, comment Econ
Read more »
USD/JPY holds steady above mid-138.00s, upside remains capped amid softer USDThe USD/JPY pair struggles to capitalize on its modest intraday uptick on Wednesday and faces rejection near the 139.00 mark. Spot prices drop to a fr
Read more »
USD/JPY looks to regain 139.00 amid sluggish yields, Fed Chair Powell eyedUSD/JPY remains sidelined around 138.80, despite picking up bids to snap two-day uptrend during early Wednesday morning in Tokyo. In doing so, the Yen
Read more »
USD/JPY Price Analysis: Stays pressured towards 136.90 key supportUSD/JPY Price Analysis: Stays pressured towards 136.90 key support – by anilpanchal7 USDJPY Technical Analysis ChartPatterns TrendFollowing SupportResistance
Read more »
USD/JPY: Move Lower Suggests Shift in Behavioral SentimentThe USD/JPY has been able to sustain its lower mid-term price range after more bearish momentum produced strong selling last week.
Read more »
USD/JPY Price Analysis: Support around 137.50 caps the USD lossesThe US Dollar (USD) falls against the Japanese Yen (JPY) amid a risk-off sentiment as shown by US equities trading in the red, while US Treasury yield
Read more »