USD/JPY could challenge the 1998 high at 147.65- UOB.


The UOB Group’s Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia stated that as of recent, USD/JPY could challenge the 1998 high at 147.65.

In the last 24 hours, the sharp rally in USD is deep in the overbought territory; nevertheless, upward momentum is not showing signs of easing, and USD could rise above 147.00.

The following key resistance at 147.65 will most probably not experience any challenge. The substantial rise in USD in the past week has room to expand. The level to monitor is 1998 high, near 147.65. On the downside, a breach of 145.40 would show that the upward pressure has reduced.

This Post Has One Comment

  1. Crea account personale

    I don’t think the title of your article matches the content lol. Just kidding, mainly because I had some doubts after reading the article.

Leave a Reply

Important Link

Fund Your Deriv Account
Withdraw Funds to Your Local Currency
VIP Trading Signals
Learn To Trade

Contact Us

Follow Us


Forex, Crypto, Options, and Binary Options have both large potential rewards and large potential risks. Therefore, before investing or trading any of the assets, ensure you are aware of and willing to accept the accompanying risks. Do not trade money you cannot afford to lose.

All Rights Reserved. None of the content of this website can be published elsewhere by any means without the prior consent of the owner(s). Please, check our terms & conditions and privacy policy before continuing to use this website.

This website and its owner(s) are not in any way liable for any incurred loss, whether caused by the information provided on this website or otherwise. The use of this website, including the content and information provided, is the user’s sole liability.