USD/JPY is expected to trade within the range 139.00-144.50 in the coming weeks, suggest UOB Group currency strategists Lee Sue Ann and Quek Ser Leang.
Featured Comments
24 hour view: “USD/JPY traded between 141.75 and 143.46 on Friday, much tighter than our expected range of 140.00/144.00. The underlying has improved somewhat and the bias for today is to the upside. sustained rally above 144.50. Support is at 143.20, but only a break of 142.80 would indicate that the current mild upside pressure has eased.”
Next 1-3 weeks: “Our view from last Friday (Sep 23, USD/JPY at 142.20) remains valid. As we have highlighted, the recent USD/JPY strength is over and the pair could trade choppy between 139.00 and 144.50 for now. Looking ahead, USD/JPY has to close above 145.00 before another move higher is likely.”
Source: Fx Street
With 6 years of experience, I bring to the table captivating and informative writing in the world news category. My expertise covers a range of industries, including tourism, technology, forex and stocks. From brief social media posts to in-depth articles, I am dedicated to creating compelling content for various platforms.
