US Greenback (USD) is more likely to commerce in a variety of 143.25/144.30. Within the longer run, the outlook for USD is unclear after wild swings; in the interim it might commerce between 142.10 and 146.30, UOB Group’s FX analysts Quek Ser Leang and Peter Chia observe.
USD/JPY more likely to commerce in a variety of 143.25/144.30
24-HOUR VIEW: “USD rose after which fell sharply final Thursday. On Friday, we indicated that ‘the sharp drop might lengthen, however oversold circumstances point out that any decline is unlikely to succeed in 142.80.’ Our expectations didn’t materialise, as USD traded in a variety of 143.41/144.44 earlier than closing modestly decrease by 0.10% at 144.04. Downward momentum has elevated barely, however moderately than a sustained decline, USD is extra more likely to commerce in a decrease vary of 143.25/144.30.”
1-3 WEEKS VIEW: “There isn’t any change in our view from final Friday (30 Might, spot at 143.95). As indicated, ‘after the wild swings, the outlook for USD is unclear.’ In the interim, USD might commerce inside final week’s big selection, between 142.10 and 146.30.”
