India FX Reserves, USD: $685.73B (May 12) vs previous $690.62B

May 23, 2025

USD/JPY: Further USD declines are not ruled out – UOB Group

Further US Dollar (USD) declines are not ruled out, but deeply oversold conditions and tentative slowing of downward momentum could first lead to consolidation, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.

USD slips on weak sentiment – Scotiabank

With the US long weekend looming and no major data releases to deal with today, it’s likely to be a fairly quiet session, Scotiabank's Chief FX Strategist Shaun Osborne notes.