- Analytics
- News and Tools
- Market News
- USD/JPY: A drop to 108.90 stays on the cards - UOB
USD/JPY: A drop to 108.90 stays on the cards - UOB
FXStreet reports that FX Strategists at UOB Group suggest that USD/JPY risks a potential decline to the 108.90-region in the next weeks.
24-hour view: “Despite the rapid drop, downward momentum has not improved by much and USD is unlikely to weaken much further. For today, USD is more likely to trade between 109.20 and 109.60.”
Next 1-3 weeks: “There is not much to add to our update from Wednesday (10 Jun, spot at 109.40). As highlighted, USD is under mild downward pressure and could drift lower to 108.90. On the upside, a break of 109.85 would indicate that the current mild downward pressure has eased.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
