USD/JPY: A drop to 133.00 loses traction – UOB – by pabspiovano USDJPY Currencies Majors Banks
could slip back to the 133.00 region appears not favoured for the time being, comment Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group.24-hour view: “We noted yesterday ‘the price movements appear to be consolidative’ and we expected USD to ‘trade sideways in a range of 134.55/135.55’. USD traded sideways as expected albeit in a narrower range of 134.71/135.35. Further sideways trading appear likely, expected to be between 134.70 and 135.55.
Next 1-3 weeks: “Our update from yesterday still stands. As highlighted, after plummeting to a low of 133.49 last Friday, USD has not been able to make further headway on the downside. The odds for USD to weaken further to 133.00 have diminished. However, only a breach of 135.85 would suggest that the weakness in USD has stabilized.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
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.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
USD/JPY: Diminishing bets for a drop to 133.00 – UOBUSD/JPY now sees the likelihood of a decline to the 133.00 region somewhat dwindled, noted UOB Group’s Economist Lee Sue Ann and Markets Strategist Qu
Read more »
Autopsies on corpses linked to Kenya starvation cult reveal missing organs; 133 confirmed deadAuthorities discovered 21 more bodies in mass graves this week, bringing the overall death toll linked to the cult to 133.
Read more »
USD/JPY eases from three-day high amid weaker USD, up a little around 135.00 markThe USD/JPY pair builds on Friday's positive move and gains some follow-through traction on the first day of a new week, albeit lacks follow-through b
Read more »
USD/JPY Price Analysis: Gains momentum above 135.00 on dovish BoJ minutesThe USD/JPY accelerated above the 135.00 figure after the pair bounced off its daily low of 134.64, on fundamental news turning the market sour and a
Read more »
USD/JPY bulls cross 135.00 as BoJ’s Ueda defends monetary policy inaction, yields riseUSD/JPY bulls cross 135.00 as BoJ’s Ueda defends monetary policy inaction, yields rise – by anilpanchal7 USDJPY BOJ RiskAppetite Inflation YieldCurve
Read more »
USD/JPY Price Analysis: Pullback from 200-HMA eyes 134.75 support confluenceUSD/JPY Price Analysis: Pullback from 200-HMA eyes 134.75 support confluence USDJPY Technical Analysis ChartPatterns SwingTrading SupportResistance
Read more »