eFX Apex
The Institutional-Grade Data Hub
- Plus: Discretionary Trades
- Edge: Sentiment Trades
- Alpha: Systematic Trades
- Apex: Full Big Data Stream
• USD/SGD edging higher, in line with pop higher in USD/JPY and DXY
• Pair last at 1.2923-28, traded amid 1.2913-25 range so far
• Nearby resistance at 1.2930, break risks squeeze to 1.2950
• USD/JPY last at 161.80-85 vs 161.32 early low, bullish bias intact
• Intervention risk may see setback but unable to reverse uptrend
• Hedging related interests continue to underpin
• DXY last at 100.97, up from 100.84 early Asian low
SGD
(Catherine Tan is a Reuters market analyst. The views expressed are her own.)