USD/JPY: Still scope for a potential move to 137.00 – UOB

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USD/JPY: Still scope for a potential move to 137.00 – UOB
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USD/JPY: Still scope for a potential move to 137.00 – UOB – by pabspiovano USDJPY Currencies Majors Banks

could still challenge the 137.90 region in the short-term horizon, comment Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group.24-hour view: “We expected USD to advance further yesterday but we noted that ‘deeply overbought conditions suggest a sustained rise above 137.90 is unlikely’. However, USD did not quite challenge 137.90 as it staged a surprisingly sharp pullback from 137.77 .

, we are adjusting our ‘strong support’ level to 135.20 from 136.00. A break of the ‘strong support’ level could indicate that 137.90 is not coming into view for now.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.

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