FX Strategists at UOB Group noted USD/JPY could trade within the 108.30-110.30 range during the next weeks. Key Quotes 24-hour view: “Were of the view that ‘there is scope for USD to move above 110.00’ yesterday. USD subsequently edged to a high of 109.99 before trading sideways. The quiet price action has resulted in a mixed outlook USD could continue to trade in a quiet manner, albeit likely at a higher range of 109.80/110.15.” Next 1-3 weeks: “There is not much to add to our update from Wednesday (05 Feb, spot at 109.45). As highlighted, USD is expected to trade sideways for a period, likely between two major levels of 108.30 and 110.30. While the top of the expected range is within sight, at this stage, there is no early indication that USD is ready to move above this level in a sustained manner.” 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 China: CPI inflation expected to have increased in January – Standard Chartered FX Street 2 years FX Strategists at UOB Group noted USD/JPY could trade within the 108.30-110.30 range during the next weeks. Key Quotes 24-hour view: “Were of the view that ‘there is scope for USD to move above 110.00’ yesterday. USD subsequently edged to a high of 109.99 before trading sideways. The quiet price action has resulted in a mixed outlook USD could continue to trade in a quiet manner, albeit likely at a higher range of 109.80/110.15.” Next 1-3 weeks: “There is not much to add to our update from Wednesday (05 Feb, spot at 109.45). As highlighted, USD is expected to trade… 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.
