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TDUX
Jul 05 - 11:55 PM

USD/JPY - USD/SGD Edging Higher, Tracks USD/JPY And DXY

By Catherine Tan  —  Jul 05 - 10:10 PM

• 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.)

Source:
London Stock Exchange Group | Thomson Reuters

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