US Greenback (USD) is prone to commerce in a variety between 147.80 and 148.85 in opposition to Japanese Yen (JPY). Within the longer run, USD energy has paused for now; it’s anticipated to commerce in a variety of 146.90/149.20, UOB Group’s FX analysts Quek Ser Leang and Peter Chia observe.
USD energy has paused for now
24-HOUR VIEW: “We anticipated USD to commerce in a variety between 147.65 and 148.85 final Friday. Our view of vary buying and selling was not unsuitable, although USD traded in a narrower vary than anticipated (148.16/148.88). Whereas USD closed at 148.81 final Friday, it traded choppily on the opening at this time. The value motion gives no contemporary clues. Immediately, we proceed to count on vary buying and selling, in all probability between 147.80 and 148.85.”
1-3 WEEKS VIEW: “We proceed to carry the identical view as final Thursday (16 Jul, spot at 148.30). As highlighted, the current ‘USD energy has paused for now,’ and we anticipated USD to ‘commerce in a variety of 146.90/149.20’.”
