UOB strategist Quek Ser Leang forecasts short-term consolidation for USD/JPY between 156.35 and 158.70, while maintaining a bearish outlook for the mid-term with a target of 152.08.
UOB strategist Quek Ser Leang anticipates a period of short-term consolidation for USD/JPY, projecting a range between 156.35 and 158.70 over the next one to three weeks. However, the medium-term outlook remains bearish, as the strategist identifies significant downside momentum that could push the pair toward the January low of 152.08 within a one to three-month timeframe.
UOB expects a broad consolidation range between 156.35 and 158.70 over the next 1-3 weeks.
The strategist flags potential weakness toward the January low of 152.08 over a 1-3 month horizon.
United Overseas Bank strategist Quek Ser Leang anticipates a period of consolidation for USD/JPY within the 156.35 to 158.70 range over the next few weeks. Despite this near-term stability, the strategist warns that underlying bearish momentum remains, potentially pushing the pair toward the January low of 152.08 in the coming months.
UOB strategists maintain a bearish outlook, suggesting that rapid downside momentum could drive the pair toward the January low of 152.08.