USD/JPY: Eyes on 148.50 – OCBC

avatar
· 阅读量 15

USD/JPY jumped in response to geopolitical escalation in the Middle East. USD/JPY was last at 147.82 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.

Upside risks not ruled out

"Typically, geopolitical concerns should see safe-haven proxies such as JPY rises but geopolitical issues concerning oil may not see the typical relationship play out. Rising oil prices can impact oil import bills and UST yields while timing of BoJ policy normalisation may further be delayed due to higher economic uncertainty."

"As such, this puts temporary upward pressure on USD/JPY. Furthermore, JPY longs are significant by historical standards – can be at risk of further unwinding if weakness persists past key levels. Daily momentum is bullish while RSI rose. Upside risks not ruled out. Next level of resistance is at 148.50. Support at 145.50, 144.20/40 levels (23.6% fibo, 21, 50 DMAs)."

Share: Feed news

风险提示:以上内容仅代表作者或嘉宾的观点,不代表 FOLLOWME 的任何观点及立场,且不代表 FOLLOWME 同意其说法或描述,也不构成任何投资建议。对于访问者根据 FOLLOWME 社区提供的信息所做出的一切行为,除非另有明确的书面承诺文件,否则本社区不承担任何形式的责任。

FOLLOWME 交易社区网址: www.followme.ceo

喜欢的话,赞赏支持一下
avatar
回复 0

加载失败()

  • tradingContest