4 Global Market Updates- 29 November, 2022

 

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

USD/JPY: A drop below 137.00 would seem unfavorable – UOB

While a steeper decline to the 137.00 level appears unfavorable in the near term, USD/JPY is still under pressure for the time being, according to UOB Group economists Lee Sue Ann and Quek Ser Leang.

24-hour perspective: “Yesterday, US Dollar fell steeply but only for a moment, to 137.48, before exploding higher. With the comeback, downward pressure has subsided, and the US Dollar has entered a consolidation period. In other words, the USD will probably move sideways today and is predicted to trade between 138.20 and 139.30.

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