Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
Cancel Confirm
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Confirm
Octa trading broker Sign up Log in
Octa trading broker
Open trading account
Trading news
Back
17 Jan 2025

USD/JPY decline is likely part of a lower range – UOB Group

Weakness has not stabilized, but any further US Dollar (USD) decline is likely part of a lower range of 154.90/156.15. In the longer run, USD remains weak; if it breaks below 154.90, the next objective will be at 154.40, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

USD remains weak

24-HOUR VIEW: "We expected USD to 'trade with a downward bias yesterday,' but we were of the view that 'any decline is likely part of a lower trading range of 155.80/157.00.' Our view was incorrect, as USD plunged, reaching a low of 155.09. While the sharp drop appears to be excessive, the weakness has not stabilized just yet. However, any further decline is likely part of a lower range of 154.90/156.15. In other words, a sustained break below 154.90 is unlikely."

1-3 WEEKS VIEW: "We revised our USD view to negative yesterday (16 Jan, spot at 156.35), highlighting that 'the rapid increase in momentum indicates further USD weakness, with a technical target at 154.90.' We did not expect USD to approach 154.90 so quickly, as it plummeted for the second day in a row, reaching a low of 155.09. Our view bearish view remains unchanged, and if USD breaks below 154.90, the next objective will be at 154.40. On the upside, should USD rise above 156.70 (‘strong resistance’ level was at 157.60 yesterday), it would mean that USD is not declining further."

Jan 17, 2025

India FX Reserves, USD fell from previous $634.59B to $625.87B in January 6

India FX Reserves, USD fell from previous $634.59B to $625.87B in January 6
Read more Previous
Jan 17, 2025

USD/JPY: Bearish bias on the day – OCBC

USD/JPY continued to trade lower, as expectations on BoJ hike next week continues to build. Markets are pricing in 22bp hike at the upcoming MPC (vs. 11bp hike expectations at the start of the new year). Pair was last at 155.69 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Read more Next