UOB’s Quek Ser Leang and Lee Sue Ann note GBP/USD dipped to 1.3407 on Monday before rebounding to finish almost unchanged at 1.3456. Intraday, they see the British Pound (GBP) confined between 1.3425 and 1.3485.
UOB’s Quek Ser Leang and Lee Sue Ann notes USD/JPY climbed to 159.76 on Monday, closing at 159.65 with firmer upward momentum. Intraday, they see room for further gains but doubt a clear break above 159.95, with support at 159.55 and 159.40.
The AUD/USD pair trades near the 0.7160 region on Monday as the United States Dollar (USD) strengthens following upbeat manufacturing data, while renewed geopolitical tensions and cautious market sentiment weigh on the Australian Dollar (AUD).