USD/JPY: Chance to rise above 145.00 – UOB Group

Source Fxstreet

There is a chance for US Dollar (USD) to rise above 145.00 against Japanese Yen (JPY); the major resistance at 145.50 is unlikely to come under threat. In the longer run, USD is likely to trade in a range between 143.00 and 145.50, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Major resistance at 145.50 is unlikely to come under threat

24-HOUR VIEW: "USD rebounded strongly last Friday. Yesterday, Monday, when USD was at 144.45, we indicated that 'the strong rebound has gathered momentum, and USD could potentially test 145.00 today.' We added, 'a rise above this level is not ruled out, but the major resistance at 145.50 is unlikely to come under threat.' We pointed out, 'support levels are at 144.00 and 143.50.' In the NY session, USD dipped to 143.63, rebounded sharply to 144.87, before ending the day at 144.72, up 0.44%. While there is no significant increase in upward momentum, there is a chance for USD to rise above 145.00 today. That said, the major resistance at 145.50 is still unlikely to come under threat. Today’s support levels are at 144.30 and 143.80."

1-3 WEEKS VIEW: "Yesterday (16 Jun, spot at 144.45), we highlighted that USD 'is likely to trade in a range for now, probably between 143.00 and 145.50.' There is no change in our view. Looking ahead, the odds of USD breaking above 145.50 first appear to be higher than it breaking below 143.00."

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Cardano (ADA) Turns Upward — Signs of a Recovery EmergeCardano price started a fresh increase from the $0.5650 zone. ADA is now consolidating and might attempt a clear move above the $0.5925 zone. ADA price started a fresh increase from the $0.5650
Author  NewsBTC
16 hours ago
Cardano price started a fresh increase from the $0.5650 zone. ADA is now consolidating and might attempt a clear move above the $0.5925 zone. ADA price started a fresh increase from the $0.5650
placeholder
Stellar Price Forecast: XLM eyes triangle breakout rally amid PayPal’s stablecoin integration buzzStellar (XLM) ticks higher by nearly 1% at press time on Friday, adding minor gains to the 5% surge from Sunday. Stellar nears the resistance trendline of a descending triangle pattern after bouncing off its support floor on Wednesday, accounting for a near 12% surge. 
Author  FXStreet
16 hours ago
Stellar (XLM) ticks higher by nearly 1% at press time on Friday, adding minor gains to the 5% surge from Sunday. Stellar nears the resistance trendline of a descending triangle pattern after bouncing off its support floor on Wednesday, accounting for a near 12% surge. 
placeholder
Gold price slides closer to $3,300 amid the emergence of some USD buyingGold price (XAU/USD) attracts fresh sellers at the start of a new week and slides to the $3,300 neighborhood, or a multi-day low during the Asian session.
Author  FXStreet
16 hours ago
Gold price (XAU/USD) attracts fresh sellers at the start of a new week and slides to the $3,300 neighborhood, or a multi-day low during the Asian session.
placeholder
EUR/USD Price Forecast: Bullish outlook remains in play above 1.1750The EUR/USD pair edges lower to around 1.1765 during the early European session on Monday. The renewed concerns about a global trade war and tariff uncertainty weigh on the shared currency.
Author  FXStreet
16 hours ago
The EUR/USD pair edges lower to around 1.1765 during the early European session on Monday. The renewed concerns about a global trade war and tariff uncertainty weigh on the shared currency.
placeholder
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Bulls eye further upside as key resistances flip into supportBitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are showing signs of renewed strength as the crypto market kicks off the week on a bullish note. BTC has reclaimed ground above $109,000 after confirming a breakout from its consolidation phase.
Author  FXStreet
16 hours ago
Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are showing signs of renewed strength as the crypto market kicks off the week on a bullish note. BTC has reclaimed ground above $109,000 after confirming a breakout from its consolidation phase.
Related Instrument
goTop
quote