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

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.

The Cryptographic Past of the Middle East

Reality is often more exciting than fiction.

Resolving the Intergenerational Prisoner's Dilemma: The Inevitable Path of Nomadic Capital Bitcoin

When the baby boomer generation collectively sells off, who will become the "greater fool" in the next round of asset crashes?

Who Will Control AI? Why Decentralized AI May Be the Only Alternative to Government and Big Tech

AI has become critical infrastructure, and governments and corporations are competing to control it. Centralized development and regulation are entrenching existing power structures. The Web3 community is building a decentralized alternative — distributed compute, token incentives, and community governance — before that window closes.

Popular coins

Latest Crypto News

Read more