The recent solid performance of USD/JPY could extend to a test of the 112.20 region, argued FX Strategists at UOB Group. Key Quotes 24-hour view: “While we detected the improved upward momentum yesterday and indicated that USD could ‘advance towards 109.50’ we did not anticipate the sudden surge that sent USD to a high of 110.94. USD extended its gain after NY close and from here, it is likely eyeing last month’s top near 112.20. Support is at 110.50 followed by 110.00.” Next 1-3 weeks: “While we highlighted yesterday that USD ‘is expected to advance to 110.50’, the sudden surge in USD that sent it quickly to a high of 110.94 was not exactly expected. USD closed on a very strong note at 110.69 (+2.43%) and as indicated yesterday, “if USD can close above 110.50, it could extend further towards the Feb’s peak near 112.20”. 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 USD/RUB: High downside risks for the RUB – Nordea FX Street 2 years The recent solid performance of USD/JPY could extend to a test of the 112.20 region, argued FX Strategists at UOB Group. Key Quotes 24-hour view: “While we detected the improved upward momentum yesterday and indicated that USD could ‘advance towards 109.50’ we did not anticipate the sudden surge that sent USD to a high of 110.94. USD extended its gain after NY close and from here, it is likely eyeing last month’s top near 112.20. Support is at 110.50 followed by 110.00.” Next 1-3 weeks: “While we highlighted yesterday that USD ‘is expected to advance to 110.50’, the sudden surge… 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.
