UOB Group’s FX Strategists see USD/JPY potentially receding to the 108.0 neighbourhood in the next weeks. Key Quotes 24-hour view: “USD traded between 108.60 and 108.96 last Friday, narrower than our expected sideway-trading range of 108.60/109.15. The quiet price actions offer no fresh clues and USD could continue to trade sideways for today, expected to be within a 108.55/108.95 range.” Next 1-3 weeks: “USD traded in a quiet manner for the past few days. Downward momentum is beginning to wane but there is still chance for USD to move to 108.40. Further weakness to 108.00 is not ruled out but the odds for such a move are low. On the upside, a break of 109.20 (‘strong resistance’ level previously at 109.40) would indicate that the pullback that started about 2 weeks ago has run its course.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next NZD/USD refreshes session tops, beyond mid-0.7100s amid renewed USD selling FX Street 2 years UOB Group's FX Strategists see USD/JPY potentially receding to the 108.0 neighbourhood in the next weeks. Key Quotes 24-hour view: "USD traded between 108.60 and 108.96 last Friday, narrower than our expected sideway-trading range of 108.60/109.15. The quiet price actions offer no fresh clues and USD could continue to trade sideways for today, expected to be within a 108.55/108.95 range." Next 1-3 weeks: "USD traded in a quiet manner for the past few days. Downward momentum is beginning to wane but there is still chance for USD to move to 108.40. Further weakness to 108.00 is not ruled out but… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
