The pair of dollars / yen / jpy is likely to be exchanged in the 142.70 / 144.55 – UOB group

The US greenback (USD) is prone to alternate within the vary of 142.70 / 144.55 towards the Japanese yen (JPY). In the long run, the US greenback can proceed to lower, however as a result of deep situations of sale, it stays to be seen if 139.55 are at hand, as Foreign exchange analysts point out to the UOB Fast Cir Liang and Peter Chia.

The US greenback can proceed to refuse

Imaginative and prescient 24 hours: “Final Friday, the US greenback fell to 142.05 earlier than it was strongly rebounded. Yesterday (Monday), we indicated that” apostasy within the situations of deep saturation signifies that it’s unlikely that the US greenback is extra weakening. “We anticipated the US greenback to be negotiated within the vary of 142.30 / 144.30.” Our negotiation level was not within the unhealthy vary, though the US greenback was negotiated in a narrower than anticipated (142.23 / 144.08). Worth actions at all times appear to be a part of a business step in an space. In the present day, we count on the US greenback to be negotiated in 142.70 / 144.55. “”

Imaginative and prescient 1-3 weeks: “Our replace yesterday (April 14, the fast worth at 143.70) remains to be standing. As identified, it may possibly “the US greenback continues to lower, however attributable to deep situations of sale, it stays to be seen if 139.55 is at hand”. “Typically, the penetration of 145.00 (” sturdy resistance “was 145.50 yesterday) signifies that the weak point of the US greenback, which began in the beginning of this month (see the feedback within the graph beneath) settled.