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Sep 22 - 10:55 PM

USD/JPY - USD/SGD Dribbles Lower, Cautiously Following USD/JPY

By Ewen Chew  —  Sep 22 - 08:55 PM
  • USD/SGD dribbles lower to 1.4177 from Thurs close 1.4185

  • Cautiously follows USD/JPY as it ebbs from firm open

  • Traders disinclined to bet against JPY intervention

  • But broader positive-USD sentiment won't fade so soon

  • Bullish USD/SGD bets hit record high nL4N30T1EN

  • Base of Bollinger uptrend channel at 1.4120 attracts bids

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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