Created
: 2025.10.02
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
USD/JPY: Sharp declines appear excessive - UOB Group
Breaking news
USD/JPY: Sharp declines appear excessive - UOB Group
New
2025.10.02 19:26
2025.10.02 19:26
2025.10.02 19:26
US Dollar (USD) is likely to trade in a range between 146.70 and 148.00. In the longer run, sharp declines appear excessive, but USD could drop to 146.30. The odds for a continued decline below this level are not high, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USD might drop to 146.30
24-HOUR VIEW: "Our view for USD to rebound yesterday was incorrect. Instead of rebounding, USD fell sharply to a low of 146.57, recovering to close at 147.05 (-0.57%). The sharp drop appears excessive, and instead of continuing to decline, USD is more likely to trade in a range between 146.70 and 148.00."
1-3 WEEKS VIEW: "Yesterday (01 Oct, spot at 148.15), we highlighted that USD 'is now expected to trade in a wider range of 147.45/149.65.' Our assessment was incorrect, as USD fell for the fourth straight day, closing lower by 0.57% at 147.05. The declines over the past few days appear excessive, but with no sign of stabilisation yet, USD could drop further toward 146.30. Based on the current oversold momentum, the odds of a continued drop below this level are not high. To keep the momentum going, USD must hold below the 'strong resistance' level, currently at 148.55."
Last updated
: 2025.10.02
Related articles
EUR/USD hovers at 1.1600 as muted CPI data fails to alter Fed stance
2025.10.25 07:15USD/CHF Price Forecast: Stays range-bound below 0.8000
2025.10.25 05:18AUD/USD holds steady as mixed US data keeps traders cautious
2025.10.25 03:12Dow Jones Industrial Average reaches new peak as US CPI inflation boosts rate cut bets
2025.10.25 03:10EUR/GBP jumps to four-week high as BoE dovish bets offset strong UK data
2025.10.25 01:25USD/JPY extends gains as strong US PMI offsets softer CPI data
2025.10.25 00:06
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
EUR/USD hovers at 1.1600 as muted CPI data fails to alter Fed stance
EUR/USD is poised to finish the week with losses of 0.21% yet it remains above the 1.16 figure for the third straight day, capped on the upside by key resistance levels after US data might not deter the Fed from cutting rates.
New
2025.10.25 07:15USD/CHF Price Forecast: Stays range-bound below 0.8000
The USD/CHF remains subdued on Friday, yet the pair trades below 0.8000 poised to finish the week with modest gains of over 0.25%. At the time of writing, the pair trades at 0.7956m, virtually unchanged.
New
2025.10.25 05:18Gold rebounds after softer US CPI data reinforces Fed cut bets
Gold price erases earlier losses, rises over 0.10% on Friday following the release of the September inflation report in the US, which showed that prices climbed but would not deter the Federal Reserve (Fed) from cutting rates next week.
New
2025.10.25 04:07AUD/USD holds steady as mixed US data keeps traders cautious
The Australian Dollar (AUD) is virtually unchanged against the US Dollar (USD) on Friday after volatile two-way price action driven by a mix of US macro data.
New
2025.10.25 03:12Dow Jones Industrial Average reaches new peak as US CPI inflation boosts rate cut bets
The Dow Jones Industrial Average (DJIA) lumbered into record highs on Friday, posting intraday bids north of 47,300 for the first time ever.
New
2025.10.25 03:10Silver price consolidates below $49 on Fed rate-cut outlook
Silver (XAG/USD) eases on Friday, trading around $48.85 per troy ounce at the time of writing, down 0.10% for the day, as the market consolidates below the psychological $49 level.
New
2025.10.25 01:44EUR/GBP jumps to four-week high as BoE dovish bets offset strong UK data
The EUR/GBP advances during the North American session, even though Retail Sales in the UK, exceeded estimates but a softer inflation reading increased the odds for further easing by the Bank of England. The cross trades at 0.8744, up 0.74% as it hits a four-week high.
New
2025.10.25 01:25USD/JPY extends gains as strong US PMI offsets softer CPI data
The Japanese Yen (JPY) remains under pressure against the US Dollar (USD) on Friday, with USD/JPY trading around 152.80, up for the sixth straight day.
New
2025.10.25 00:06GBP/USD holds steady post-volatile session on UK data, US inflation signals
GBP/USD trades sideways around 1.3325 on Friday at the time of writing, unchanged on the day after a volatile session triggered by multiple economic releases from the United Kingdom (UK) and the United States (US).
New
2025.10.25 00:01JPY soft and underperforming G10 in quiet trade - Scotiabank
The Japanese Yen (JPY) is soft, down 0.2% against the US Dollar (USD) and underperforming nearly all of the G10 currencies in overall quiet trade, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
New
2025.10.24 23:54Disclaimer:
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.
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
