Created
: 2025.10.03
- 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 might drop to 146.30 - UOB Group
Breaking news
USD/JPY might drop to 146.30 - UOB Group
New
2025.10.03 20:24
2025.10.03 20:24
2025.10.03 20:24
US Dollar (USD) is likely to trade in a range between 146.70 and 147.70. 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 is likely to trade between 146.70 and 147.70
24-HOUR VIEW: "On Wednesday, USD dropped to a low of 146.57 and then rebounded. Yesterday, we were of the view that '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.' USD subsequently fluctuated between 146.58 and 147.51, closing slightly higher by 0.12% at 147.23. The price action provides no fresh clues, and we continue to expect USD to trade in a range today, most likely between 146.70 and 147.70."
1-3 WEEKS VIEW: "We continue to hold the same view as yesterday (02 Oct, spot at 147.30). As highlighted, 'the recent sharp declines appear excessive, but USD could drop to 146.30.' However, we noted that 'the odds of a continued drop below this level are not high.' Overall, only a breach of 148.20 ('strong resistance' level was at 148.55 yesterday) would indicate that the decline in USD is stabilising."
Last updated
: 2025.10.03
Related articles
EUR/USD steadies as Fed divide offsets shutdown drag
2025.10.04 06:12Fed's Miran insists Fed has room for more cuts
2025.10.04 04:59Fed's Jefferson nods to risks on both sides of the Fed's mandate
2025.10.04 03:56Fed's Logan warns inflation pressures persist, could be made worse
2025.10.04 03:49Dow Jones Industrial Average rises 300 points on Friday
2025.10.04 03:44AUD/USD holds near 0.6600 as Greenback weakens on US shutdown and soft PMI data
2025.10.04 03:23
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 steadies as Fed divide offsets shutdown drag
EUR/USD consolidates on Friday amid a quiet trading session due to the lack of a fresh catalyst, sponsored by a US government shutdown that seems poised to extend beyond the current week. The pair trades at 1.1738, up 0.28%, at the time of writing.
New
2025.10.04 06:12Fed's Miran insists Fed has room for more cuts
Federal Reserve (Fed) Board of Governors plant Stephen Miran doubled down on his belief that the Fed has a lot more room to cut its way to neutral interest rates.
New
2025.10.04 04:59Fed's Jefferson nods to risks on both sides of the Fed's mandate
Federal Reserve (Fed) Vice President and Board of Governors member Phillip Jefferson acknowledged that ongoing risks to both sides of the Fed's policy mandates are seeing growing risks.
New
2025.10.04 03:56Gold climbs as shutdown fuels haven demand, eyes record high
Gold price advances during the North American session on Friday, up by 0.70% for the day as the US government shutdown extends to three days, poised to end the week positively for the seventh straight week. At the time of writing, XAU/USD trades at $3,882 after hitting a daily low of $3,838.
New
2025.10.04 03:54Fed's Logan warns inflation pressures persist, could be made worse
Federal Reserve (Fed) Bank of Dallas President Lorie Logan struck a nervous tone on Friday, warning that despite a rapidly-weakening labor market, a lot of potential policy moves could accidentally spark another round of renewed inflationary pressures.
New
2025.10.04 03:49Dow Jones Industrial Average rises 300 points on Friday
The Dow Jones Industrial Average (DJIA) caught a firm bid on Friday, rising 482 points, or 1.04%, bottom-to-top. The Dow briefly pierced the 47,000 major price handle for the first time ever, before easing back to a more sedate +300 points (0.65%) on the day.
New
2025.10.04 03:44AUD/USD holds near 0.6600 as Greenback weakens on US shutdown and soft PMI data
The Australian Dollar (AUD) holds modest gains versus the US Dollar (USD) on Friday, supported by a weaker Greenback as the United States (US) government shutdown drags on and the ISM Services Purchasing Managers Index (PMI) softens.
New
2025.10.04 03:23EUR/USD holds modest bid amid US shutdown and mixed PMI readings
The Euro (EUR) trades with a modest bid against the US Dollar (USD) on Friday, with EUR/USD stuck in this week's range of 1.1750-1.1700.
New
2025.10.04 00:38GBP/USD rises as US shutdown prolongs, Fed data gap grows
The Pound Sterling advances some 0.26% on Friday as the US government began its third day of shutdown and skipped the release of Nonfarm Payroll figures for September. Purchasing Managers Index (PMI), data from S&P Global and ISM in the US, are the main drivers of price action.
New
2025.10.04 00:36EUR/JPY rebounds after dip to one-month low
The Euro (EUR) gains traction against the Japanese Yen (JPY) on Friday, recovering after briefly slipping to its lowest level since September 9 on Thursday. At the time of writing, EUR/JPY trades near 173.00, staging a modest rebound from recent lows.
New
2025.10.03 23:08Disclaimer:
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
