Created
: 2025.10.28
- 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 must first close above 153.00 to continue advancing - UOB Group
World FX news
Breaking news
USD/JPY must first close above 153.00 to continue advancing - UOB Group
New
2025.10.28 19:35
2025.10.28 19:35
2025.10.28 19:35
Upward momentum is starting to build, but for a continued advance, US Dollar (USD) must first close above 153.00, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Upward momentum is starting to build
24-HOUR VIEW: "Yesterday, we noted 'the underlying tone has firmed somewhat', and we held the view that 'this is likely to lead to a higher range of 152.40/153.30 rather than a sustained advance'. USD then traded between 152.54 and 153.25 before closing marginally higher by 0.01% at 152.87. The current price movements are likely part of a range-trading phase, probably between 152.20 and 153.05."
1-3 WEEKS VIEW: "Last Friday (24 Oct, spot at 152.60), we highlighted that 'upward momentum is starting to build, but USD must close above 153.00 before a sustained rise can be expected.' Yesterday, we indicated that 'upward momentum continues to build, but we prefer to wait for a close above 153.00 before adopting a positive stance'. We will continue to hold the same view, as long as 152.00 (no change in 'strong support' level from yesterday) is not breached."
Last updated
: 2025.10.28
Related articles
Australia CPI expected to edge higher ahead of RBA rate decision
27 minutes agoFX Today: The Fed and the BoC are expected to lower their rates
2025.10.29 03:54AUD/USD firms as traders brace for Australia Q3 inflation data and Fed decision
2025.10.29 03:39USD/JPY declines near 152.00 as Yen strengthens on US-Japan trade progress
2025.10.29 02:55EUR/USD holds modest gains as markets await Fed interest rate decision
2025.10.29 01:52USD/CAD extends losses as weak US Consumer Confidence weighs, BoC and Fed eyed
2025.10.29 00:32
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
Australia CPI expected to edge higher ahead of RBA rate decision
Australia will release inflation updates on Wednesday, one week ahead of the Reserve Bank of Australia (RBA) monetary policy meeting, scheduled for November 3-4.
New
2025.10.29 05:00Gold slips below $4,000 as US-China trade hopes lift risk appetite
Gold price drops 0.63% on Tuesday during the North American session with the yellow metal suffering from its safe-haven appeal as hopes of a de-escalation of the US-China trade war keep ebbs and flows going toward riskier assets like US equities.
New
2025.10.29 04:06FX Today: The Fed and the BoC are expected to lower their rates
In quite a volatile day, the US Dollar (USD) traded with modest losses, maintaining a gradual decline so far this week, always amid a steady market caution ahead of the Federal Reserve (Fed) event on Wednesday, where a 25-basis-point rate cut is fully priced in.
New
2025.10.29 03:54AUD/USD firms as traders brace for Australia Q3 inflation data and Fed decision
The Australian Dollar (AUD) edges higher against the US Dollar (USD) on Tuesday, extending its winning streak for the fifth consecutive session as the Greenback stays under pressure ahead of the Federal Reserve's (Fed) interest rate decision on Wednesday.
New
2025.10.29 03:39USD/JPY declines near 152.00 as Yen strengthens on US-Japan trade progress
USD/JPY falls sharply to around 152.15 on Tuesday at the time of writing, down 0.47% for the day, as the Japanese Yen (JPY) outperforms most of its peers.
New
2025.10.29 02:55EUR/USD holds modest gains as markets await Fed interest rate decision
The Euro (EUR) trades on the front foot against the US Dollar (USD) on Tuesday as the Greenback softens following disappointing US Consumer Confidence data.
New
2025.10.29 01:52WTI Oil declines on OPEC+ production hike, Russia sanctions offer partial support
West Texas Intermediate (WTI) US Oil drops 2.55% on Tuesday, trading around $59.80 at the time of writing. Crude Oil prices come under pressure after reports that the Organization of the Petroleum Exporting Countries and its allies (OPEC+) plan to increase production starting in December.
New
2025.10.29 01:39USD/CAD extends losses as weak US Consumer Confidence weighs, BoC and Fed eyed
The Canadian Dollar (CAD) strengthens against the US Dollar (USD) on Tuesday as the Greenback weakens following the latest US Consumer Confidence report. At the time of writing, USD/CAD is trading around 1.3944, extending losses for the second consecutive day and down roughly 0.30%.
New
2025.10.29 00:32USD/CHF declines for fourth day as Swiss Franc gains, Fed rate cut expected
USD/CHF trades lower on Tuesday, around 0.7930 at the time of writing, down 0.27% for the day. The pair extends its four-day losing streak as the Swiss Franc (CHF) strengthens amid fading expectations of further monetary easing by the Swiss National Bank (SNB).
New
2025.10.29 00:13GBP/USD sinks below 1.33 as UK fiscal woes deepen ahead of budget
The GBP/USD dives more than 0.50% on Tuesday as market participants digested news of the UK's Office for Budget Responsibility (OBR), which plan to cut productivity, leading to a huge hole in the public finances. The pair tumbled below 1.3300 for the first time since mid-October.
New
2025.10.29 00:07Disclaimer:
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
