USD/JPY is under pressure from US/South Korea talks – OCBC

By: bitcoin ethereum news|2025/05/15 21:00:11
0
Share
copy
USD/JPY continued to trade lower. Pair was last at 145.91 levels, OCBC’s FX analysts Frances Cheung and Christopher Wong note. Bullish momentum on daily chart shows signs of fading “The Bloomberg headline that US discussed FX with South Korea spilled over to other USD/Asia, including USD/JPY. Recall that Finance Minister Kato said he will seek an opportunity to discuss currency matters with US Treasury secretary Scott Bessent when the 2 of them are in Canada for the G7 meeting (in Jun).” “Although no detail/agenda was made known, the suspicion of FX policy being discussed during bilateral trade talks with the US may weigh on USD. Bullish momentum on daily chart shows signs of fading while RSI fell further.” “Support is at 144.40 (23.6% fibo). Resistance at 147.10 (38.2% fibo retracement of 2025 high to low), 148.40 and 149.40/70 levels (50% fibo, 200 DMA). We kept our short USD/JPY (entered at 148 (as per FX Weekly on Mon), targeting a move towards 141. SL at 151.” Source: https://www.fxstreet.com/news/usd-jpy-is-under-pressure-from-us-south-korea-talks-ocbc-202505151043

You may also like

Why did the star Web3 project Across Protocol choose to abandon DAO?

The proposal for Across to privatize itself is a rare move, but it comes at a time when the industry is beginning to recognize that DAOs are a difficult organizational structure to operate.

In fact, ETH scaling is a major benefit for L2

ETH has finally admitted defeat—its Rollup-centric roadmap is unworkable, while the monolithic scaling solutions adopted by blockchains like Solana have proven to be correct.

Memories: 10 Key Contributions of the TON Core Team That Few People Knew in the Early Days

Every line of code, every tool we build, every sleepless night spent maintaining the network—these efforts have laid the foundation for TON's development today.

2025 South Korea CEX Listing Post-Mortem: Investing in New Coins = 70% Loss?

The 2025 South Korean exchange's new token listing performance is structurally similar to Binance's, with no significant differences.

BIP-360 Analysis: Bitcoin's First Step Towards Quantum Immunity, But Why Only the "First Step"?

This article explains how BIP-360 reshapes Bitcoin's quantum defense strategy, analyzes its enhancements, and discusses why it has not yet achieved full post-quantum security.

50 million USDT exchanged for 35,000 USD AAVE: How did the disaster happen? Who should we blame?

Due to a fatal flaw in the transaction path, a $50 million DeFi operation was executed with almost zero protection, resulting in nearly the entire amount of funds evaporating in a tiny liquidity pool.

Popular coins

Latest Crypto News

Read more