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19 Mar 2025

USD/JPY: Likely entered a 148.80/149.90 range trading phase – UOB Group

US Dollar (USD) has likely entered a 148.80/149.90 range trading phase vs Japanese Yen (JPY). In the longer run, increase in momentum indicates USD could strengthen toward 150.30, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.

USD can strengthen toward 150.30

24-HOUR VIEW: "Following Monday’s price action, we indicated yesterday (Tuesday), when USD was at 149.30, that 'The price movements have resulted in an increase in momentum.' While we expected USD to rise, we highlighted that 'the major resistance at 150.30 is likely out of reach for now' and we noted that 'support levels are at 149.00 and 148.70.' Our view was not wrong, as USD rose to 149.93, pulled to 149.07 before closing largely unchanged at 149.26 (+0.03%). USD has likely entered a range trading phase. Today, we expect it to trade in a 148.80/149.90 range."

1-3 WEEKS VIEW: "We continue to hold the same view as yesterday (18 Mar, spot at 149.30). As highlighted, the recent increase in momentum indicates USD could strengthen toward 150.30. The upward momentum will remain intact as long as USD holds above 148.30."

Mar 19, 2025

EUR/USD declines as US Dollar strengthens ahead of Fed decision

EUR/USD falls sharply to slightly below 1.0900 in Wednesday’s European session after posting a fresh five-month high near 1.0955 the previous day.
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Mar 19, 2025

USD/JPY faces important resistance at the 200-MA around 152.00 – BBH

The Bank of Japan (BOJ) delivered a cautious hold and warns against a weaker Japanese Yen (JPY), BBH's FX analysts report.
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