USD/JPY: Likely to range-trade between 156.00 and 156.75 – UOB Group
USD is likely to trade sideways between 156.00 and 156.75. In the longer run, soft underlying tone suggests there is a chance for USD to edge downward; any decline is likely part of a lower range of 155.05/157.05, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

USD is likely to trade sideways between 156.00 and 156.75. In the longer run, soft underlying tone suggests there is a chance for USD to edge downward; any decline is likely part of a lower range of 155.05/157.05, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Chance for USD/JPY to edge downward

24-HOUR VIEW: "While we indicated yesterday that 'there is a chance for USD to test 155.55', we pointed out that 'the major support at 155.05 is not expected to come under threat'. USD then declined, but it rebounded from a low of 155.69. Momentum indicators are turning flat, and USD is likely to trade sideways today, probably between 156.00 and 156.75."

1-3 WEEKS VIEW: "In our most recent narrative from two days ago (26 Nov, spot at 156.15), we highlighted that 'the soft underlying tone suggests there is a chance for USD to edge downward, but any decline is likely part of a lower range of 155.05/157.05'. There is no change in our view for now."


Ang Acuity Trading ay isang fintech na nakabase sa London na itinatag noong 2013, na dalubhasa sa AI-powered na alternative data at sentiment analysis para sa trading at investments. Inirebolusyon nila ang online trading experience gamit ang visual news at sentiment tools, at patuloy na nangunguna sa merkado sa pamamagitan ng alpha-generating alternative data at highly engaging trading tools gamit ang pinakabagong AI research at technology.
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0
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