The US dollar (USD) probably trades in a range of 143.25/144.30. In the long term, the perspective for the USD is uncertain after wild oscillations; At the moment it could trade between 142.10 and 146.30, the FX analysts of UOB Group, to be Leang and Peter Chia point.
USD/JPY probably trades in a range of 143.25/144.30
24 -hour vision: “The USD rose and then fell sharply last Thursday. On Friday, we indicated that ‘the sharp fall could extend, but the overall conditions indicate that any descent is unlikely that it reaches 142.80.’ Our expectations did not materialize, since the USD traded in a range of 143.41/144.44 before closing modestly down 0.10% in 144.04.
Vision to 1-3 weeks: “There are no changes in our perspective since last Friday (May 30, exchange rate in cash in 143.95). As indicated, ‘after wild oscillations, the perspective for the USD is uncertain.’ At the moment, the USD could trade within the wide range of last week, between 142.10 and 146.30. “
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.
