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USD/JPY is likely to extend the 138.50-141.00 range in the next few weeks, according to UOB Group’s Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia.
24-hour view: We highlighted last Friday that “there is room for USD to test 138.50 before the risk of a rebound increases”. However, USD rebounded from 138.74 to 139.72 and then traded mostly sideways for the rest of the sessions. The price actions are likely part of a consolidation and today, USD is likely to trade between 139.00 and 139.90.
Next 1-3 weeks: Our most recent narrative was from last Thursday (08 Jun, spot at 139.95) wherein USD “is likely to trade between 138.50 and 141.00”. There is no change in our view for now.
風險提示：本文所述僅代表作者個人觀點，不代表 Followme 的官方立場。Followme 不對內容的準確性、完整性或可靠性作出任何保證，對於基於該內容所採取的任何行為，不承擔任何責任，除非另有書面明確說明。
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