USD/JPY: The levels to monitor are 157.00 and 157.50 155.36 – UOB Group

FXStreet Insights Team FXStreet

The US Dollar (USD) is likely to continue to rise; the levels to monitor are 157.00 and 157.50. Momentum remains strong; the next technical objective is at 158.00, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note.

The next technical objective for USD/JPY is at 158.00

24-HOUR VIEW: “Following the sharp rise in USD two days ago, we noted in early Asian trade yesterday that ‘momentum remains robust.’ We were of the view that ‘while USD could break above 156.00, it might not be able to maintain a foothold above this level.’ We underestimated the strength of the advance, as USD soared to 156.42, closing at 156.25 (+0.51%). The impulsive momentum is likely to continue to outweigh the overbought conditions. In other words, USD is likely to continue to rise. The levels to monitor are 157.00 and 157.50. To sustain the overbought momentum, USD must remain above 155.55 (minor support is at 156.05).”

1-3 WEEKS VIEW: “We turned positive in USD two ago (13 Nov), when it was at 154.70, indicating that ‘the increase in momentum suggests further USD strength towards 156.00.’ Yesterday, USD rose and surpassed 156.00. Momentum remains strong, and the next technical objective is at 158.00. To keep the momentum going, USD must remain above 154.95 (‘strong support’ level was at 154.00 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 holds firm near 0.7000 after Chinese inflation, trade data

AUD/USD stays firm near 0.7000 in Wednesday’s Asian session, picking up some bids after China's mixed inflation and upbeat trade data. CPI rose less than expected in September, while PPI inflation picked up. Meanwhile, the Chinese trade surplus unexpectedly widened in September. The pair remains underpinned by a broadly subdued US Dollar, despite the Middle East escalation, as focus remains on US CPI data.

USD/JPY consolidates near 158.50; looks to US CPI for fresh impetus

USD/JPY stays range-bound near 158.50 in the Asian session on Wednesday, with looming intervention risks supporting the Japanese Yen and capping upside amid a softer US Dollar. However, geopolitical uncertainties act as a tailwind for the safe-haven USD and the pair. Traders also seem hesitant ahead of the release of the latest US inflation figures.

Gold remains offered below $4,100

Gold adds to the weekly bearish tone and slips back below the $4,100 mark per troy ounce on Wednesday. Indeed, the precious metal continues to suffer the stronger US Dollar and rising US Treasury yields as bets for extra tightening by the Fed remain on the rise following US inflation figures.

XRP recovery faces headwinds despite Ripple and Meritz Securities' tokenization push in Korea

XRP trades above $1.36 as bulls gather momentum to face a critical supply range toward $1.40. Ripple and Meritz Securities partner to explore institutional custody and tokenization services for South Korea’s capital markets.

China's rare earth leverage has an expiration date: November 10. Here's what Beijing is deciding

China is approaching a major strategic deadline in its trade confrontation with the United States (US). On November 10, the suspension of additional rare earth export restrictions Beijing announced in October 2025 is set to expire.

Has Bitcoin really escaped the macro forces it was built to fight?

Over 17 years ago, Satoshi Nakamoto designed Bitcoin (BTC) on the back of a global financial crisis as an alternative to the global monetary system outside the control of central banks, governments and traditional intermediaries. This raises a key question: has Bitcoin really become independent of the macroeconomic forces it was built to challenge?