USD/JPY is still expected to navigate within the 103.40-104.40 range in the next weeks, noted FX Strategists at UOB Group. Key Quotes 24-hour view: “USD briefly rose to 104.08 yesterday before easing off to trade mostly sideways. Momentum indicators are mostly neutral and USD could continue to trade sideways, likely between 103.70 and 104.15.” Next 1-3 weeks: “One week ago (13 Jan, spot at 103.75), we indicated that the outlook is mixed and USD ‘could trade between 103.00 and 104.40’. Our view was not wrong as USD traded in a relatively quiet manner for the past week. There is no change in our view even though the low volatility suggests a 103.40/104.40 range is likely enough to contain the price actions from here. Looking ahead, the risk of a break of 104.40 first appears to be greater but at this stage, it is premature to expect the start of a sustained advance in USD.” 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 sits near one-week tops, above $1850 level FX Street 2 years USD/JPY is still expected to navigate within the 103.40-104.40 range in the next weeks, noted FX Strategists at UOB Group. Key Quotes 24-hour view: “USD briefly rose to 104.08 yesterday before easing off to trade mostly sideways. Momentum indicators are mostly neutral and USD could continue to trade sideways, likely between 103.70 and 104.15.” Next 1-3 weeks: “One week ago (13 Jan, spot at 103.75), we indicated that the outlook is mixed and USD ‘could trade between 103.00 and 104.40’. Our view was not wrong as USD traded in a relatively quiet manner for the past week. There is no… 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.
