There is a possibility that the US dollar (USD) rises above 145.00 compared to Japanese yen (JPY); The main resistance in 145.50 is unlikely to be threatened. In the long term, the USD will probably be traded in a range between 143.00 and 145.50, FX analysts of UOB Group, quek be Leang and Peter Chia point out.
The main resistance at 145.50 is unlikely to be threatened
24 -hour vision: “The USD bounced with force last Friday. Yesterday, Monday, when the USD was at 144.45, we indicated that ‘the strong rebound has gained impulse, and the USD could potentially try 145.00 today.’ We add, ‘an increase above this level is not ruled out, but the main resistance in 145.50 is unlikely to be threatened.’ We point out, ‘support levels are in 144.00 and 143.50.’ In the NY session, the USD fell to 143.63, abruptly bounced to 144.87, before closing the day in 144.72, an increase of 0.44%. Today they are in 144.30 and 143.80. “
Vision 1-3 weeks: “Yesterday (June 16, quote at 144.45), we highlight that the USD ‘will probably be traded in a range for now, probably between 143.00 and 145.50.’ There are no changes in our vision.
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.
