US Greenback (USD) is anticipated to commerce in a 143.40/144.85 vary vs Japanese Yen (JPY). Within the longer run, USD has probably entered a consolidation section and is more likely to commerce between 142.20 and 146.70 for now, UOB Group’s FX analysts Quek Ser Leang and Peter Chia be aware.
USD/JPY more likely to commerce between 142.20 and 146.70
24-HOUR VIEW: “Yesterday, USD dropped to a low of 143.52, closing at 143.70, down by 0.85%. Regardless of the decline, there was no clear improve in downward momentum. Moreover, circumstances are oversold. The worth motion is probably going a part of a range-trading section. In the present day, we anticipate USD to commerce in a 143.40/144.85 vary.”
1-3 WEEKS VIEW: “The preliminary rebound from the late April low of 139.86 has been robust, however upward momentum has since slowed. USD has probably entered a consolidation section, and it’s more likely to commerce between 142.20 and 146.70 for now.”
