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In opinion of UOB Group’s FX Strategists Lee Sue Ann and Quek Ser Leang, further upside could now see USD/JPY revisit the 131.65 level in the next weeks.Sentimenst are heigher end at this time for the market.
EUR/USD is testing 1.0500, undermined by increased demand for the US dollar. Global growth concerns amid Chinese covid lockdowns and central banks' interest rate hikes on risk sentiment.
Last week, we could have seen reversal on the Euro against a few crosses. EURUSD resisted, but of course the strength of the American currency didn’t help.Could see few changes in upcoming times
