OctaFX | OctaFX Forex Broker
Open trading account
Back

USD/JPY upward momentum waning – UOB

FXStreet (Barcelona) - According to the Analysts at UOB Group, the upward momentum for the USD/JPY pair is waning but it is too early to expect a top just yet.

Key Quotes

“While the upward momentum is clearly waning, it is premature to expect a reversal just yet.”

“The outlook for this week is still viewed as bullish and a move higher towards last week’s peak near 118.96 will not be surprising but a sustained break above this level is not expected.”

“On the downside, a move below 116.80 would indicate that an interim top is in place for a pull-back 116.00 followed by 115.50.”

Wild times ahead for OPEC – ING

The Research Team at ING note that OPEC could be left in a state of frenzy ahead of the meeting on 27th November due to increasing US Shale supply and the discord between member nations.
Read more Previous

Switzerland Employment Level (QoQ) came in at 4.23M, above forecasts (4.22M) in 3Q

Read more Next
Start livechat