The continuation of the upside momentum could encourage USD/JPY to revisit the 149.00 level in the next few weeks, argue Economist Lee Sue Ann and Mar
to revisit the 149.00 level in the next few weeks, argue Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group.24-hour view: We highlighted yesterday that USD “is likely to strengthen further, but it is unlikely to reach 149.00.” We also highlighted that “in order to keep the momentum going, USD must stay above 147.00.” USD did not strengthen further as it traded between 147.00 and 147.81 before ending the day largely unchanged at 147.65 .
Next 1-3 weeks: We continue to hold the same view as yesterday , wherein USD is likely to rise further, probably to 149.00. In order to maintain the rapid buildup in momentum, USD must stay above 146.70 . Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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