USD/JPY is expected to extend the current sideline theme for the time being, noted FX Strategists at UOB Group. Key Quotes 24-hour view: “Expectation for USD to “extend its advance” did not materialize as it traded in a muted manner and within a relatively narrow range (between 106.24 and 106.64). The price action is likely part of an on-going consolidation phase and USD is expected to continue to trade sideways for now. Expected range for today, 106.20 and 106.65″. Next 1-3 weeks: “There is not much to add as USD traded in a quiet manner and registered an ‘inside trading day’. Our view from Tuesday (20 Aug, spot at 106.60) still stands wherein we expect USD to “trade sideways”. Indicators are still showing mixed signals and as highlighted previously, USD could trade sideways and only a clear break out of the expected 105.50/107.30 range would indicate that USD is ready for a sustained directional move”. 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 ECB: Doubling down on inflation – Rabobank FX Street 4 years USD/JPY is expected to extend the current sideline theme for the time being, noted FX Strategists at UOB Group. Key Quotes 24-hour view: "Expectation for USD to "extend its advance" did not materialize as it traded in a muted manner and within a relatively narrow range (between 106.24 and 106.64). The price action is likely part of an on-going consolidation phase and USD is expected to continue to trade sideways for now. Expected range for today, 106.20 and 106.65". Next 1-3 weeks: "There is not much to add as USD traded in a quiet manner and registered an 'inside trading… 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.
