Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Forex

USD/JPY: Likely to consolidate between 149.40 and 150.50 – UOB Group

Source Fxstreet

US Dollar (USD) is expected to consolidate vs Japanese Yen (JPY) between 149.40 and 150.50. In the longer run, scope for USD to rise further, but it may find the 151.00/151.30 resistance zone difficult to break, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.

Scope for USD to rise further

24-HOUR VIEW: "USD soared to 150.94 yesterday, pulling back sharply to close lower by 0.52% at 149.90. The pullback in overbought conditions and slowing momentum suggests USD has likely moved into a consolidation phase. Today, we expect USD to trade between 149.40 and 150.50."

1-3 WEEKS VIEW: "After rising sharply for three straight days, USD pulled back yesterday and closed lower by 0.52% at 149.90. Despite the pullback, there is scope for USD to rise further. However, USD may find the 151.00/151.30 resistance zone difficult to break. The probability of USD rising further will remain intact as long as 149.00 (‘strong support’ level) is not breached. Meanwhile, overbought short-term conditions could lead to a couple of days of consolidation."

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

JPMorgan claims native crypto investors spearheaded last week's heavy liquidation JPMorgan analysts claim that crypto-native investors largely drove the crypto market dip last week, while institutional products felt a minor impact.

Author FXStreet

Oct 17, 2025

JPMorgan analysts claim that crypto-native investors largely drove the crypto market dip last week, while institutional products felt a minor impact.

ECB Policy Outlook for 2026: What It Could Mean for the Euro’s Next Move With the ECB likely holding rates steady at 2.15% and the Fed potentially extending cuts into 2026, EUR/USD may test 1.20 if Eurozone growth proves resilient, but weaker growth and an ECB pivot could pull the pair back toward 1.13 and potentially 1.10.

Author Mitrade

Dec 26, 2025

With the ECB likely holding rates steady at 2.15% and the Fed potentially extending cuts into 2026, EUR/USD may test 1.20 if Eurozone growth proves resilient, but weaker growth and an ECB pivot could pull the pair back toward 1.13 and potentially 1.10.

Gold recovers above $4,100 as traders assess US-Iran conflict Gold price (XAU/USD) rebounds to around $4,120 during the early Asian session on Friday. The precious metal edges higher as traders weigh a resumption of war in the Middle East.

Author FXStreet

Jul 10, Fri

Gold price (XAU/USD) rebounds to around $4,120 during the early Asian session on Friday. The precious metal edges higher as traders weigh a resumption of war in the Middle East.

WTI surges above $74.00 as US-Iran strikes reignite Hormuz risks West Texas Intermediate (WTI) oil price rises after two days of losses, trading around $74.20 during the Asian hours on Monday.

Author FXStreet

Yesterday 01: 15

West Texas Intermediate (WTI) oil price rises after two days of losses, trading around $74.20 during the Asian hours on Monday.

Gold slides back closer to $4,050 as Iran risks and Fed hike bets boost USD Gold (XAU/USD) opens with a modest bearish gap at the start of a new week and slides back closer to the $4,050 level during the Asian session.

Author FXStreet

19 hours ago

Gold (XAU/USD) opens with a modest bearish gap at the start of a new week and slides back closer to the $4,050 level during the Asian session.

Related Instrument