Back

USD/JPY: The next level to watch is 154.00 – UOB Group

US Dollar (USD) is expected to trade with an upward bias, but is unlikely to reach the major resistance at 153.30. In the longer run, the next level to watch is 154.00, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note.

Above 153.30, USD/JPY can test 154.00

24-HOUR VIEW: “USD swung in a wide range between 151.00 and 152.79 on Wednesday. Yesterday (Thursday), we highlighted that ‘the choppy price action has resulted in a mixed outlook.’ We also highlighted that USD ‘could trade in range, probably staying within yesterday’s range of 151.00/152.79.’ USD then traded in a narrower range than expected (151.79/152.77), closing at 152.62 (+0.11%). The price action has resulted in a slight increase in momentum. Today, we expected USD to trade with an upward bias, but the major resistance at 153.30 is likely out of reach. Support levels are at 152.30 and 151.80.”

1-3 WEEKS VIEW: “We continue to hold the same view as yesterday (12 Dec, spot at 152.15). As highlighted, there has been a tentative buildup in momentum, and USD ‘could grind higher towards 153.30.’ Looking ahead, should USD break above 153.30, the next level to watch is 154.00.”

Mexican Peso drifts lower as the Dollar appreciates across the board

The Mexican peso holds onto recent losses against a stronger US Dollar.
Baca lagi Previous

Crude Oil struggles with $70.00 round level amid bleak 2025 outlook

Crude Oil trades roughly flat near $70.00 on Friday as investors remain reluctant to add to the rally seen earlier in the week. The OPEC+ report was a good element for Oil prices to head higher, but traders are still warning for the 2025 projections when
Baca lagi Next