For trading between 148.80 and 150.70 – UOB Group

Expectations Unable to be clear that the US greenback (USD) can commerce between 148.80 and 150.70 towards Japanese yen (JPY). Within the longest time period, failure to maintain lower than 148.50 signifies that the US greenback can enter a interval of frequency, as it’s traded within the vary of 148.00/151.50 this present day, Quek Ser Leang and PEER Chia Word in UOB Group.

The US greenback can enter a interval of frequency

24 -hour supply: Buying and selling the US greenback in a risky manner on Monday. Yesterday, we identified that “the view just isn’t clear after the risky costs”, and we anticipated that “the greenback’s buying and selling is in a variety between 148.50 and 150.50.” The US greenback was buying and selling later in a risky manner, because it decreased to the bottom stage, after which displays sharply to achieve 149.88. We’re nonetheless unable to extract many risky value actions. In the present day, the greenback can commerce between 148.80 and 150.70. “

1-3 Weeks: “Yesterday (04 March, Al-Baqa in 149.45), we highlighted that“ the bias of the US greenback is barely indirect to the detrimental aspect, however it’s not clear now whether or not it may well collapse and keep lower than 148.50. “The US {dollars} then fell to lower than 148.50, however they fell away within the closure at 149.80 (+0.20 %).