USD/JPY is expected to trade in a range of 146.00/149.00 – UOB Group
US Dollar (USD) is expected to trade in a range between 146.95 and 147.85. In the longer run, outlook remains mixed; USD is now expected to trade in a range of 146.00/149.00, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Outlook for USD/JPY remains mixed
24-HOUR VIEW: "We expected USD to 'trade in a range between 147.00 and 148.00' yesterday. USD then traded in a narrower range than expected (147.12/147.64), closing largely unchanged at 147.46 (+0.03%). The price action provides no fresh clues, and we continue to expect range-trading, likely between 146.95 and 147.85."
1-3 WEEKS VIEW: "There is not much to add to our update from yesterday (10 Sep, spot at 147.40). As highlighted, 'the outlook remains mixed,' and we expect USD to 'trade in a range of 146.00/149.00 for now'."
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