Home USD/JPY keeps the neutral bias unchanged – UOB
Forex News Today: Daily Trading News

USD/JPY keeps the neutral bias unchanged – UOB

FX Street
Updated:

USD/JPY is expected to remain sidelined for the time being, noted FX Strategists at UOB Group.

Key Quotes

24-hour view: “The choppy and rapid swings in USD have resulted in a mixed outlook. US/China headlines could result in further volatile price action as USD could continue to swing between 106.85 and 107.80″.

Next 1-3 weeks: “We highlighted the “diminished odds for further USD weakness” on Tuesday (08 Oct, spot at 107.25) and the break of the 107.50 ‘strong resistance’ level yesterday (high of 107.62) indicates that USD has moved back into a sideway-trading phase (we previously expected USD to trade lower towards 106.35). From here, USD is likely to trade between the two major levels of 106.50 and 108.50 for a period”.

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.

WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision.  The information on this website is general in nature, so you must consider the information in light of your objectives, financial situation and needs. Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. Crypto promotions on this site do not comply with the UK Financial Promotions Regime and is not intended for UK consumers. This website is free for you to use but we may receive a commission from the companies we feature on this site.

© forexcrunch.com All Rights Reserved 2017 – 2024