USD/JPY continued to commerce decrease. Pair was final at 145.91 ranges, OCBC’s FX analysts Frances Cheung and Christopher Wong be aware.
Bullish momentum on every day chart reveals indicators of fading
“The Bloomberg headline that US mentioned FX with South Korea spilled over to different USD/Asia, together with USD/JPY. Recall that Finance Minister Kato mentioned he’ll search a possibility to debate foreign money issues with US Treasury secretary Scott Bessent when the two of them are in Canada for the G7 assembly (in Jun).”
“Though no element/agenda was made recognized, the suspicion of FX coverage being mentioned throughout bilateral commerce talks with the US could weigh on USD. Bullish momentum on every day chart reveals indicators of fading whereas RSI fell additional.”
“Assist is at 144.40 (23.6% fibo). Resistance at 147.10 (38.2% fibo retracement of 2025 excessive to low), 148.40 and 149.40/70 ranges (50% fibo, 200 DMA). We stored our quick USD/JPY (entered at 148 (as per FX Weekly on Mon), focusing on a transfer in the direction of 141. SL at 151.”
