Weakness in The US Dollar (USD) appears to be stabilising; a breach of 155.00 would indicate that USD is not declining further, UOB Group FX strategists Quek Ser Leang and Peter Chia note.

USD/JPY reaches out to test 155.00

24-HOUR VIEW: “Yesterday, we expected USD to trade in a range between 153.20 and 154.70. USD subsequently traded in a 153.00/154.35 range, closing at 154.01 ( 0.19%). The price action provides no fresh clues, and we continue to expect USD to trade in a range, likely between 153.30 and 154.70.”