There is room for the US dollar (USD) to go to 143.80 against Japanese Yen (JPY); A sustained rupture below this level seems unlikely. In the long term, the trend for the USD is downward around 143.80, potentially at 143.30, the FX analysts of UOB Group, quek being Leang and Peter Chia.
USD/JPY can potentially fall at 143.30
Vision at 24 hours: “After the action of the USD price on Monday, we highlight yesterday, Tuesday, that ‘there has not been an additional increase in the lower momentum, and instead of weakening today, the USD is more likely to be negotiated between 144.60 and 145.70.’ Our evaluation was incorrect. that is reached.
Vision 1-3 weeks: “We have expected the USD to consolidate since last week. In our most recent narrative two days ago (May 19, Spot in 145.30), we indicate that the USD ‘continues in a consolidation, but now we adjust the range to 144.50/147.30.’ Yesterday, the USD fell below 144.50, reaching a minimum of 144.07.
Source: Fx Street
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