The bullish momentum began to build; The US dollar (USD) is likely to rise above 156.00, but it is unlikely to reach 156.80. In the longest term, the bias of the US dollar tends to the upward trend; Currently, it is possible that any progress of a top trading range of 154.30/157.20, Quek Ser Leang and PEER Chia Note in UOB Group.
Usd/JPY Fis is likely to rise above 156.00
24 hours offer: “The US dollar was closed at 155.18 last Friday (+0.57 %), but it increased sharply in early Asian trade today. It is likely to be out of reach at the present time.
1-3 Weeks: “It seems that the decline in the US dollar to 153.70 in late January has settled. While the short-term bullish momentum is constructive, it is too early to expect continuous progress from here. However, the bias tends to if the direction is Al -Soudi, but at this time, we consider any progress as part of a higher trading range of 154.30/157.20.