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
Ripple’s $21 Trillion Dream: What Capturing 20% Of SWIFT Volume Means For XRPRipple Labs, a crypto payments company, continues to set its ambitions and those of XRP higher than ever as it edges closer to disrupting the global financial messaging giant SWIFT. After Ripple CEO
Author  NewsBTC
Jul 14, Mon
Ripple Labs, a crypto payments company, continues to set its ambitions and those of XRP higher than ever as it edges closer to disrupting the global financial messaging giant SWIFT. After Ripple CEO
placeholder
Apple Q4 revenue tops estimates; $1.1B tariff impact forecastApple projected its revenue for the current quarter ending in September well above Wall Street forecasts on Thursday.
Author  Mitrade
Aug 01, Fri
Apple projected its revenue for the current quarter ending in September well above Wall Street forecasts on Thursday.
placeholder
S&P 500 and Nasdaq Futures Climb on Google Ruling Amid Tariff ConcernsS&P 500 and Nasdaq futures climbed modestly on Tuesday evening, fueled by strong gains in Alphabet Inc. after a court handed down a less stringent antitrust ruling than initially feared.
Author  Mitrade
Sept 03, Wed
S&P 500 and Nasdaq futures climbed modestly on Tuesday evening, fueled by strong gains in Alphabet Inc. after a court handed down a less stringent antitrust ruling than initially feared.
placeholder
ANZ Raises Gold Price Forecast to $3,800/Oz, Predicts Rally to Continue Through 2026Gold is expected to continue its upward momentum throughout 2025 and into early 2026, driven by ongoing geopolitical tensions, macroeconomic challenges, and market anticipation of U.S. monetary easing, according to analysts from ANZ in a research note released Wednesday.
Author  Mitrade
Sept 10, Wed
Gold is expected to continue its upward momentum throughout 2025 and into early 2026, driven by ongoing geopolitical tensions, macroeconomic challenges, and market anticipation of U.S. monetary easing, according to analysts from ANZ in a research note released Wednesday.
placeholder
Tesla set to beat Q3 delivery estimates on robust U.S. and China demand, says RBCTesla (NASDAQ: TSLA) is on track to exceed market expectations for third-quarter deliveries, driven by stronger sales momentum in both the United States and China, according to RBC Capital Markets. The firm projects 456,000 vehicle deliveries for Q3, compared with consensus forecasts of 440,000 (Visible Alpha) and 448,000 (FactSet).
Author  Mitrade
Sept 26, Fri
Tesla (NASDAQ: TSLA) is on track to exceed market expectations for third-quarter deliveries, driven by stronger sales momentum in both the United States and China, according to RBC Capital Markets. The firm projects 456,000 vehicle deliveries for Q3, compared with consensus forecasts of 440,000 (Visible Alpha) and 448,000 (FactSet).
Related Instrument
goTop
quote