USD/JPY now focuses on the 137.90 level – UOB – by pabspiovano USDJPY Currencies Majors Banks
According to UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang, extra gains in24-hour view: “We highlighted yesterday that ‘the rapid rise appears to be overdone and USD is unlikely to advance much further’ and we expected USD to trade in a range between 135.50 and 136.65. Our view of range trading was not wrong even though USD traded within a narrower range than expected . Further range trading appears likely, expected to be within a range of 135.80/136.60.
Next 1-3 weeks: “We continue to hold the same view as yesterday . As highlighted, after the strong rise late last week, upward momentum has been boosted and this will likely lead to further USD strength. The next resistance level to watch is at 137.90. That said, overbought short-term conditions could lead to 1-2 day of consolidation first. On the downside, a breach of 135.00 would indicate that the USD strength that started in the middle of the month has run its course.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
USD/JPY: Next on the upside comes 137.90 – UOBFurther strength in USD/JPY seems likely in the near term, comment Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group. Key Quote
Consulte Mais informação »
USD/JPY Price Analysis: Makes way for 137.00 as BoJ Ueda reiterates favor for easy policyThe USD/JPY pair is struggling to extend recovery above the immediate resistance of 136.40 in the early European session. The asset has turned sideway
Consulte Mais informação »
Pairs in Focus This Week \u2013 EUR/USD, GBP/USD, USD/JPY, AUD/USGet the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of February 26th, 2022 here.
Consulte Mais informação »
Weekly Forex Forecast \u2013 USD/JPY, S\u0026P 500 Index, NASDAQ 100The difference between success and failure in Forex / CFD trading is highly likely to depend mostly upon which assets you choose to trade.
Consulte Mais informação »
USD/JPY Price Analysis: Bears lurking near 136.50Following the hotter-than-expected US data, the US Dollar index rallied through the 105.20s to a seven-week high and putting it on track to post its l
Consulte Mais informação »
USD/JPY: The Yen weakness to stay limited – Goldman SachsEconomists at Goldman Sachs outlined their view on the Japanese Yen, in the face of the incoming Bank of Japan (BoJ) Governor Kazuo Ueda and hawskish
Consulte Mais informação »