The US dollar (USD) is probably negotiated in a range between 147.60 and 148.90 against the Japanese Yen (JPY). In the long term, the bassist impulse has vanished to a large extent; The USD is expected to be negotiated in a range between 146.50 and 149.50, FX analysts point out UOB GroupTo be Leang and Peter Chia.
The bearish impulse has vanished to a large extent
24 hours seen: “The USD bounced a maximum of 148.11 two days ago. Yesterday, when the USD was in 148.00, we considered that ‘it could continue bouncing, but it does not seem to have enough impulse to break over 148.80.’ The early rebound exceeded our expectations, since the USD reached a maximum of 149.19 in the NY session, retreating sharply to close at 148.25 (+0.32%). Today, it is more likely to be negotiated in a range between 147.60 and 148.90.
Perspective 1-3 weeks: “Yesterday (March 12, for 148.00), we reviewed our vision to Neutral, indicating that ‘The bearish impulse has vanished to a large extent. We expected the USD ‘to be negotiated in a range between 146.50 and 149.50.’ Our vision remains unchanged. “
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
