4 Global Market Updates- 14 November, 2022

 

In this article, we have covered the highlights of global market news about the USD/JPY, EUR/GBP, NZD/USD and AUD/USD.

USD/JPY encounters strong resistance around 138.00 – UOB

The USD/JPY is expected to remain under pressure around the 138.00 zone in the short term, according to UOB Group Economist Lee Sue Ann and Markets Strategist Quek Ser Leang.

“USD fell to a low of 138.45 in late NY trading last Friday before bouncing back,” reads the 24-hour view. The recovery under oversold circumstances indicates that additional USD weakness is unlikely. For now, it’s more probable that the USD will fluctuate between 138.40 and 140.30.

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