USD/JPY is now targeting the 109.00 handle in short-term, said FX Strategists at UOB Group. Key Quotes 24-hour view: “Expectation for “further gain in USD“ did not really materialize as it traded in a relatively subdued manner between 108.55 and 108.82. While further sideway trading appears likely, the slightly weakened underlying tone could lead to a lower trading range of 108.40/108.80″. Next 1-3 weeks: “We indicated on Wednesday (24 Jul, spot at 108.20) that “while the underlying tone has improved, only a NY closing above 108.60 would indicate that USD is ready to challenge the early July peak near 109.00″. That said, the sudden and strong surge in USD that hit an overnight high of 108.75 was not exactly expected (NY close of 108.62, +0.41%). From here, as long as 108.10 is not taken out, USD is expected to test the solid 109.00 resistance. At this stage, it is not very clear if USD can maintain a toehold above this level. The price action over the next few days should provide us with a better clue”. 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 Bitcoin price prediction: BTC/USD stays range-bound, waiting for new triggers – Bitcoin confluence FX Street 4 years USD/JPY is now targeting the 109.00 handle in short-term, said FX Strategists at UOB Group. Key Quotes 24-hour view: "Expectation for "further gain in USD" did not really materialize as it traded in a relatively subdued manner between 108.55 and 108.82. While further sideway trading appears likely, the slightly weakened underlying tone could lead to a lower trading range of 108.40/108.80". Next 1-3 weeks: "We indicated on Wednesday (24 Jul, spot at 108.20) that "while the underlying tone has improved, only a NY closing above 108.60 would indicate that USD is ready to challenge the early July peak near 109.00".… 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.
