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
Trading news
Back
4 Apr 2025

USD/JPY: Below 145.00, further decline is likely– UOB Group

US Dollar (USD) is likely to trade in a 145.20/147.50 range vs Japanese Yen (JPY). In the longer run, too early to expect weakness to stabilise, but USD must break and hold below 145.00 before further decline is likely, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.

USD/JPY to continue declining below 145.00

24-HOUR VIEW: "Following the sharp decline in USD two days ago and early yesterday, we indicated that 'although the outsized decline has resulted in a sharp and swift rise in downward momentum, conditions are deeply oversold.' However, we pointed out 'as long as USD remains below 149.40, it could continue to weaken.' We also pointed out 'given the oversold conditions, any decline is unlikely to reach the major support at 146.50 today.' The subsequent steep selloff that reached a low of 145.18 was surprising. The decline remains deeply oversold and USD is unlikely to weaken much further. Today, USD is more likely to trade in a 145.20/147.50 range."

1-3 WEEKS VIEW: "Yesterday (03 Apr, spot at 148.00), we highlighted that 'the increase in momentum indicates further USD weakness.' We added, 'the level to watch is 146.50.' We did not expect USD to reach 146.50 within hours as it plunged and closed lower by a whopping 2.13% (146.06), its largest one-day drop since Dec 2023. Despite being deeply oversold, it is too early to expect the weakness to stabilise. On the other hand, the 145.00 level is a significant support and USD must break and hold below this level before further decline is likely. On the upside,

should USD break above 149.00 (‘strong resistance’ level was at 150.10 yesterday), it would indicate that the weakness has stabilised. In the near-term, 147.50 is already a notable resistance level."

Apr 4, 2025

EUR/GBP: Above 0.8510/0.8530, a larger upside is likely – Societe Generale

EUR/GBP has crossed above the 200-DMA resulting in a steep up move, Societe Generale's FX analysts report.
Read more Previous
Apr 4, 2025

Brent: Next objectives are located at $65.50/64.70 and $63 – Societe Generale

Brent has pulled back after facing strong resistance around the 200-DMA ($76) recently, Societe Generale's FX analysts report.
Read more Next