USD/JPY: The likelihood of rising to 158.00 is diminishing – UOB Group

FXStreet Insights Team FXStreet

US Dollar (USD) is likely to trade between 156.35 and 157.30. In the longer run, the likelihood of USD rising to 158.00 is diminishing, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

USD is likely to trade between 156.35 and 157.30

24-HOUR VIEW: "USD pulled back sharply to a low of 156.19 last Friday. Yesterday, when USD was at 156.70, we highlighted that 'the sharp pullback appears to be overdone, and USD is unlikely to weaken much further'. We expected USD to “trade between 156.20 and 157.35.” USD subsequently traded within a range of 156.52/157.18. The price action provides no fresh clues. Today, we expect USD to trade between 156.35 and 157.30."

1-3 WEEKS VIEW: "We turned positive on USD early last week. After USD dropped to a low of 156.19 on Friday, we indicated yesterday (24 Nov, spot at 156.70) that 'there is still a likelihood — albeit a diminishing one — that USD could rise to 158.00'. We will maintain our view as long as 156.20 (no change in ‘strong support’ level) is not breached."

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.

EUR/USD: Cautiously optimistic near 1.1550 ahead of the ECB

EUR/USD extends its weekly recovery for the third day in a row on Wednesday, navigating in a sidelined fashion around 1.1550 on the back of humble losses in the US Dollar. In the meantime, market participants continue to closely follow developments in the Middle East while slowly gearing up for the ECB gathering on Thursday.

GBP/USD recedes from tops, hovers around 1.3400

GBP/USD could not sustain the initial bull run and is now slipping back toward the 1.3400 neighbourhood on Wednesday. Cable’s continuation of the ongoing leg higher follows mild selling pressure on the Greenback, despite steady uncertainty on the geopolitical front and elevated US inflation.

Gold bleeding continues as Middle East crisis escalates, Fed hike coming

Gold is accelerating its downward trends and approaches the area of $4,100 per troy ounce on Wednesday, where the 2026 bottom sits so far. The persistent decline in the precious metal almost exclusively follows the swelling opinion that the Fed will keep a cautious stance in H2, a view that was reinforced following earlier US CPI data.

$1,500: Why Ethereum just crashed 20% despite spot markets barely selling

Ethereum (ETH) recently suffered one of its sharpest declines of 2026, dropping more than 20% and briefly testing the $1,500 area. While the sell-off appeared to reflect broader market fears, derivatives and on-chain data suggest a more complex story may be unfolding beneath the surface.

Brutal sell-off: Silver deepens months-long slide, refocusing on $60

Silver has never been known for its calm temperament. The precious metal can spend weeks grinding higher before suddenly giving back months of gains in a matter of days. That volatile reputation has been on full display in recent weeks.

The US economy defies the rules: 100 days into the Oil shock and the recession signal is still missing

More than three months after the start of the Iran war and the resulting disruption to global energy markets, the US economy continues to display remarkable resilience. The conflict has triggered a sharp rise in Oil prices, reignited inflationary pressures and fueled widespread concerns about a potential economic slowdown.