USD/JPY: Supported on the daily charts – OCBC

USD/JPY continued to build on momentum to trade higher. Last at 148.36 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.

Slight upside risks ahead

"Daily momentum is flat while RSI rose. Slight upside risks ahead. Resistance at 149.40/70 levels (200 DMA, 50% fibo retracement of 2025 high to low). Support at 146.60 (21 DMA), 145.30 (50 DMA)."

"While political uncertainty (referring to PM Ishiba’s political career), credit rating concerns (dependent on fiscal health) and carry play is supportive of USD/JPY, 'sell USD' trade can also overwhelm (when USD decline resumes)."

Jul 28, 2025

ECB’s Kazimir: No significant change that would force my hand to act in September.

European Central Bank (ECB) policymaker Peter Kazimir said on Monday that there is “no significant change that would force my hand to act in September.“

EUR/USD: Chance to rise above 1.1775 – UOB Group

There is a chance for Euro (EUR) to rise above 1.1775 against US Dollar (USD); the major resistance at 1.1795 is likely out of reach for now. In the longer run, price action indicates further EUR strength, likely toward 1.1795, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.