USD/JPY: Near-term outlook remains unclear – UOB
USD/JPY remains side-lined within the 145.90-150.50 range for the time being, argue UOB Group’s Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia.
Key Quotes
24-hour view: Yesterday, we highlighted that “the outlook for USD remains mixed,” and we expected it trade between 148.00 and 149.55. USD then traded in a narrower range than expected (148.25/149.13). The price action offers no fresh clues, and today, we expected USD to trade between 148.00 and 149.20.
Next 1-3 weeks: There is not much to add to our update from Wednesday (04 Oct, spot at 149.10). As highlighted, the sharp fluctuations earlier this week have mudded the outlook. For the time being, USD could trade in a broad range of 145.90/150.50.
Reprinted from FXStreet_id，the copyright all reserved by the original author.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.