UOB Group’s FX Strategists now see USD/JPY trading between 108.50 and 109.95 in the next weeks. Key Quotes 24-hour view: “USD traded mostly sideways between 109.19 and 109.65 last Friday. Momentum indicators are mostly neutral and further sideway-trading would not be surprising. Expected range for today, 109.05/109.60.” Next 1-3 weeks: “Our latest narrative was from last Wednesday (12 May, spot at 108.70) where we highlighted that ‘downward bias is intact but prospect for USD to move to 108.20 has diminished somewhat’. However, USD subsequently rebounded strongly but so far has not been able to build on its advance. In other words, USD is likely not ready to move higher in a sustained manner. From here, USD is more likely to consolidate and trade between 108.50 and 109.95.” 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 Gold Price Analysis: XAU/USD to extend its rise on a daily close above $1,850 FX Street 2 years UOB Group's FX Strategists now see USD/JPY trading between 108.50 and 109.95 in the next weeks. Key Quotes 24-hour view: "USD traded mostly sideways between 109.19 and 109.65 last Friday. Momentum indicators are mostly neutral and further sideway-trading would not be surprising. Expected range for today, 109.05/109.60." Next 1-3 weeks: "Our latest narrative was from last Wednesday (12 May, spot at 108.70) where we highlighted that 'downward bias is intact but prospect for USD to move to 108.20 has diminished somewhat'. However, USD subsequently rebounded strongly but so far has not been able to build on its advance. In other… 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.
