Brent: Next objectives are located at $65.50/64.70 and $63 – Societe Generale

Brent has pulled back after facing strong resistance around the 200-DMA ($76) recently, Societe Generale's FX analysts report.

Brent to reach $63 in the near term

"It is fast approaching last September/March lows at $68.70/68.10, which is also a trend line connecting troughs of March 2023/September 2024. This remains a crucial support. It will be interesting to see if Brent can form a base near this zone and attempt a bounce."

"Failure defend it may result in an extended downtrend. Next objectives could be located at projections of $65.50/64.70 and $63."

Apr 4, 2025

USD/JPY: Below 145.00, further decline is likely– UOB Group

US Dollar (USD) is likely to trade in a 145.20/147.50 range vs Japanese Yen (JPY). In the longer run, too early to expect weakness to stabilise, but USD must break and hold below 145.00 before further decline is likely, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.

China Finance Ministry: Will impose additional 34% tariffs on all US goods from April 10

China's Finance Ministry announced on Friday that they will impose additional tariffs of 34% on all US imports from April 10 in response to US President Donald Trump's latest tariff announcements, per Reuters.