Excessive sales sales have not yet settled – UOB group

The US greenback (USD) collected a decreased momentum towards the Japanese yen (JPY), however it could not be capable to break the extent of 145.00. In the long run, extreme weak point has not stabilized; It’s potential to cut back the US greenback beneath 145.00 earlier than the chance of one other restoration will increase, and Foreign exchange analysts point out the UOB Cuke Sir Liang and Peter Chia.

The US greenback can once more lower beneath 145.00

Imaginative and prescient 24 hours: “Yesterday we’re used to seeing that the US greenback” is more likely to alternate between 146.00 and 149.00. “The US greenback exchanged within the vary of 145.95 / 148.12 and closed at 146.28.

Imaginative and prescient 1 to three weeks: “When the US greenback was at 147.50 yesterday (April 08), we indicated that” an extreme weak point of the US greenback was not stabilized “. We indicated that” there is a chance for the US greenback to drop once more beneath 145.00 earlier than the chance of restoration “.