USD/JPY Technical Analysis: Forecasting a Trading Range of 146.00 to 147.40
The US Dollar (USD) is forecasted to likely trade between 146.00 and 147.40 in the short term. Technical analysis reveals that a long-term momentum boost might elevate the USD further to 148.00. According to UOB Group FX analysts Quek Ser, this potential rise is crucial for traders focusing on the USD/JPY pair.
Market Insights and Predictions
Traders in the foreign exchange market should closely monitor this range. Analysis indicates that shifts in bank policies could impact the USD/JPY dynamics significantly.
Key Factors Affecting USD/JPY
- Influence of global economic conditions
- Bank interest rate decisions
- Market sentiment and trading volume
As these factors evolve, traders must be prepared for potential volatility around these levels.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.