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May 06 - 03:55 AM

USD/JPY - USD/SGD Stays Firm, DXY Steady, USD/JPY Rallies

By Catherine Tan  —  May 06 - 02:35 AM
  • USD/SGD stays firm into early London trades, steady DXY underpins

  • Rally in USD/JPY and USD/CNH keeps the USD well bid in Asia

  • USD/JPY may test 160 again as USD-Japan rate differentials underpin

  • No chance of US rate cut till Sept, at the earliest

  • USD/JPY last at 153.82-85, off 152.80 early Asian low

  • USD/SGD last at 1.3515-20, traded 1.3470-1.3525 range so far

  • Focus at 1.35550, break risks return to 1.3600

  • DXY holds firm above 105.0 handle, last at 105.16

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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