Select Language

USD/JPY: Odds of reaching 150.90 - UOB Group

Breaking news

USD/JPY: Odds of reaching 150.90 - UOB Group

  • X
  • facebook
  • LINE
  • RSS

  • X
  • facebook
  • LINE
  • RSS
update 2025.09.29 20:49
USD/JPY: Odds of reaching 150.90 - UOB Group

update 2025.09.29 20:49

US Dollar (USD) could rise further to 150.15, with lesser odds of reaching 150.90, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Below 148.50, USD might stop rising further

24-HOUR VIEW: "We indicated last Friday that 'further USD strength is not ruled out.' However, we pointed out that 'with negative divergence forming, combined with deeply overbought conditions, suggests that, any advance is likely part of a higher range of 149.20/150.15.' USD then traded between 149.38 and 149.95 before closing at 149.49 (-0.20%). The current price movements are likely part of a range-trading phase. This time around, the softer underlying tone suggests USD is likely to trade in a lower range of 149.00/149.75."

1-3 WEEKS VIEW: "Last Thursday (25 Sep, spot at 148.65), we highlighted that 'while the renewed upward momentum suggests USD could reach 149.15, it is currently unclear whether it could continue to rise toward the next major resistance at 149.55.' After USD subsequently soared above 149.15, we highlighted on Friday (26 Sep, spot at 149.65) that 'the sharp rally over the past couple of days appears excessive, but with no sign of slowing just yet, USD could rise further to 150.15, with lesser odds of reaching the major resistance at 150.90.' We continue to hold the same view for now. On the downside, if USD breaks below 148.50 (no change in 'strong support' level) would mean that USD is not rising further."


Date

Created

 : 2025.09.29

Update

Last updated

 : 2025.09.29

Related articles


Show more

FXStreet

Financial media

arrow
FXStreet

FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.

Was this article helpful?

We hope you find this article useful. Any comments or suggestions will be greatly appreciated.  
We are also looking for writers with extensive experience in forex and crypto to join us.

please contact us at [email protected].

Thank you for your feedback.
Thank you for your feedback.

Most viewed

Silver climbs as safe-haven demand, Fed rate cut bets drive gains

Silver (XAG/USD) advances firmly on Thursday, trading around $49.20 per ounce at the time of writing, up 1.40% for the day.
New
update2025.10.23 20:42

GBP/JPY Price Forecast: Pound crawls towards 204.00 on Yen weakness

The British Pound is has reverted to Wednesday's pullback and trades at the upper range of the 203.00s, as news that the new Japanese government should be preparing a large stimulus program is hammering the Yen on Thursday.Reuters has reported, citing a government document, that Prime Minister Takai
New
update2025.10.23 20:33

SNB minutes offer little on negative rate debate - Rabobank

If the market had hoped that the publication of the minutes of the SNB's latest policy meeting would lay bare the full array of the Governing Council's thoughts on the pros and cons of negative rates, it will have been disappointed, Rabobank's FX analyst Jane Foley reports.
New
update2025.10.23 20:33

Silver Price Forecast: XAG/USD attracts bids near $48 on renewed Sino-US trade tensions

Silver price (XAG/USD) rebounds to near $49.20 during the European trading session on Thursday after attracting bids near $48.00. The white metal gains on renewed trade tensions between the United States (US) and China.
New
update2025.10.23 20:30

USD/CNH: Likely to trade between 7.1220 and 7.1320 - UOB Group

US Dollar (USD) is likely to trade between 7.1220 and 7.1320. In the longer run, USD could drop to 7.1130; a clear break below this level will shift the focus to 7.1000, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
New
update2025.10.23 20:23

U.S.: AI boom is contributing to boosting GDP growth - National Bank of Canada

Data released in the United States before the government shutdown painted a decidedly positive picture of the economic situation.
New
update2025.10.23 20:20

USD/JPY: Likely to trade trade between 150.00 and 153.00 - UOB Group

Outlook is mixed; US Dollar (USD) could trade between 150.00 and 153.00 for now, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
New
update2025.10.23 20:00

US Dollar Index (DXY) holds gains as markets await US CPI data

The US Dollar weakness has been short-lived, and the USD Index is retracing on Thursday most of Wednesday's losses, returning above the 99.00 level, as fresh trade frictions between the US and China have dampened risk appetite ahead of the release of the US Consumer Prices Index, due on Friday.
New
update2025.10.23 19:51

BoE's Dhingra: US tariffs to put downward pressure on UK inflation - Reuters

Bank of England (BoE) Monetary Policy Committee (MPC) member Swati Dhingra said in a speech at a research conference hosted by Ireland's central bank on Thursday that the United States (US) tariff policy is a major drag on global growth and prices.
New
update2025.10.23 19:48

NZD/USD: Likely to trade in a range of 0.5725/0.5755 - UOB Group

New Zealand Dollar (NZD) is likely to trade in a range of 0.5725/0.5755. In the longer run, outlook for NZD remains neutral, but a narrower range of 0.5700/0.5770 is likely enough to contain the price movements for now, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
New
update2025.10.23 19:29

Disclaimer:arw

All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.

The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.

  • Facebook
  • Twitter
  • LINE

Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy

I agree
share
Share
Cancel