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Jan 7, 2025
USD/JPY: Upward bias to remain intact as long as 156.80 is not breached – UOB Group
US Dollar (USD) could rise, but it does not appear to have enough momentum to reach 159.00. In the longer run, USD is expected to trade with an upward bias; any advance is expected to face significant resistance at 159.00, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note.
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Jan 7, 2025
CHF: Base effect meets upside surprises in neighboring countries – Commerzbank
On the last day of last year, the Swiss National Bank (SNB) announced the extent of its foreign exchange interventions in the third quarter - given the repeated hints from officials that more intervention was possible at any time, this was probably one of the most important data points of recent mon
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