USD/JPY: Next level to watch is 158.00 – UOB Group

FXStreet Insights Team FXStreet

US Dollar (USD) is expected to continue moving higher; the next level to watch is 158.00, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

USD/JPY is expected to continue moving higher

24-HOUR VIEW: "After USD rallied sharply to a high of 157.18 two days ago, we highlighted yesterday that 'the sharp rise appears excessive, but there is scope for the rally in USD to test 157.55'. We added, 'the next resistance at 158.00 is likely out of reach for now'. We were not wrong, as USD rose to a high of 157.89. USD retreated from the high to close at 157.46 (+0.20%). Although upward momentum is easing, it is too early to expect a sustained pullback. Today, USD is likely to trade at these higher levels, probably between 157.00 and 158.00. To put it another way, USD is unlikely to break clearly above 158.00."

1-3 WEEKS VIEW: "We turned positive on USD early this week. Yesterday (20 Nov, spot at 157.10), we highlighted that 'we continue to expect a higher USD, and the level to watch is 158.00'. There is no change in our view. Looking ahead, if USD breaks clearly above 158.00, the focus will shift to 158.45. We will maintain our positive view as long as USD holds above the ‘strong support’ at 156.20 (level was at 155.60 yesterday)."

Author

FXStreet Insights Team

FXStreet

The FXStreet Insights Team is a group of journalists that handpicks selected market observations published by renowned experts. The content includes notes by commercial as well as additional insights by internal and external analysts.

AUD/USD remains above 0.7200 after China's trade data

AUD/USD sits above 0.7200 in the Asian session on Tuesday, near its highest level since May 14. The US Dollar stays under pressure as a rallying Japanese Yen outweighs support from hawkish Fed bets and geopolitical tensions. This, along with firming expectations for another RBA rate hike later this month, acts as a tailwind for the Aussie. However, mixed China trade balance data keep the pair restricted.

USD/JPY rebounds above 154.00 as markets assess BoJ outlook

USD/JPY rebounds from the six-month low it touched below 153.00 earlier in the day and trades above 154.00 in the second half of the day. Nevertheless, the upside attempts resemble technical corrections for now as Japan's upbeat wage growth data and Q2 GDP revision cement bets on a BoJ rate hike next week and continue to support the Japanese Yen.

Gold reverses early gains as US Dollar rebounds, Oil prices rise

Gold (XAU/USD) struggles to hold early gains and reverses course on Tuesday as a modest rebound in the US Dollar (USD) and rising Oil prices weigh on the precious metal. At the time of writing, XAU/USD trades around $4,400 after reaching an intraday high near $4,443.

Ripple and Stellar outlook: Hold bullish bias above EMAs as derivatives back upside

Ripple (XRP) and Stellar (XLM) hold above the key support zones on Tuesday, hinting at an upside move. Derivatives metrics further support the recovery, with both altcoins showing positive funding rates and rising long positions. Derivatives data shows a bullish tilt among XRP and XLM traders.

Europe in focus: September 2026

Six major net contributors demanded substantial cuts to the European Commission’s proposed 2028–2034 EU budget. Germany, Denmark, the Netherlands, Austria, Finland and Sweden issued a joint position on 27 August calling for the nearly €2 trillion proposal to be reduced by several hundred billion euros and rejecting additional common EU borrowing.

Diesel’s record $100 warning: The oil shock hiding in plain sight

The Oil market may look calmer than it did a few months ago, but diesel is sending a very different message. The US diesel crack spread, the premium of ultra-low sulphur diesel futures over WTI, recently surged above $100 per barrel for the first time, reaching an intraday record of just over $102.00.