Bias for US Dollar (USD) is tilted to the upside vs Japanese Yen (JPY), with scope for a test of 144.30. In the longer run, USD is still consolidating; moderating price swings point to a tighter range of 142.20/145.30, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Moderating price swings point to a tighter range of 142.20/145.30
24-HOUR VIEW: "Yesterday, we expected USD to 'consolidate in a 142.20/144.00 range.' USD then traded between 142.36 and 143.99 before closing at 143.82, up by 0.99%. The firmer underlying tone indicates the bias for USD is tilted to the upside today, with scope for a test of 144.30. Support is at 143.50; a breach of 143.00 would indicate that the current upward bias has eased."
1-3 WEEKS VIEW: "In our latest narrative from two days ago (06 May, spot at 143.00), we indicated that USD 'has likely entered a consolidation phase.' We expected it to 'trade between 142.20 and 146.70 for now.' While we maintain our consolidation view, moderating price swings point to a tighter range of 142.20/145.30 in the near term."
作者：FXStreet Insights Team，文章来源FXStreet，版权归原作者所有，如有侵权请联系本人删除。
风险提示：本文所述仅代表作者个人观点，不代表 Followme 的官方立场。Followme 不对内容的准确性、完整性或可靠性作出任何保证，对于基于该内容所采取的任何行为，不承担任何责任，除非另有书面明确说明。
暂无评论，立马抢沙发