Further range bound trade is likely in USD/JPY for the time being, suggest UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang. Ke
y Quotes 24-hour view:USD traded in a relatively quiet manner between 149.54 and 149.98 yesterday before closing little changed at 149.70 (-0.09%0. The quiet price action is likely part of a consolidation phase.
Today, USD is likely to trade in a range between 149.30 and 150.00. Next 1-3 weeks:Over the past week or so, USD traded in a relatively quiet manner. There is no clear directional bias for now, and USD is likely to trade in a range of 149.00/150.50 for the time being.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
USD/JPY looks to approach 150.00 on the stronger US DollarUSD/JPY trades higher near 149.90 during the Asian session on Monday. The pair receives upward support following the comments from Bank of Japan (BoJ)
Read more »
USD/JPY: Level fundamentally justified from market’s point of view is much higher than 150It seems to be the case that, shortly after the start of FX trading in Asia, USD/JPY briefly traded above the important level of 150. Economists at Co
Read more »
USD/JPY trades close to 150.00, fears of intervention remain intactThe USD/JPY pair consolidates in a narrow range near the crucial resistance of 150.00. The upside in the asset seems upbeat as investors hope that the
Read more »
USD/JPY clings to mild gains below 150.00 following Japanese PMI dataThe USD/JPY pair sticks to mild gains after bouncing off the 149.55 low during the early Asian session on Tuesday. The pair currently trades near 149.
Read more »
Japanese Yen Eyes New Lows as Markets Speculate on BoJ Action. Intervention Ahead?The Japanese Yen is facing scrutiny to start the week with USD/JPY edging toward prior peaks on growing unease around potential BoJ intervention. If USD/JPY pops, will the bank be selling?
Read more »
EUR/USD faces a tough resistance around 1.0700UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang note further upside in EUR/USD is expected to meet a strong resistance around
Read more »