UOB strategists expect USD/JPY to trade within a 156.35–158.70 range in the coming weeks, with building downward momentum signaling potential weakness on a three-month horizon.
UOB strategists Quek Ser Leang and Lee Sue Ann observe that the pair currently lacks a clear directional trend, leading to expectations of range-bound trading in the immediate term. While the pair is expected to oscillate between 157.55 and 158.45 intraday, the analysts identify a shift toward downward momentum over the one-to-three-month horizon, suggesting a bearish outlook for the pair in the medium term.
The pair is expected to trade between 157.55 and 158.45 intraday, with a broader range of 156.35–158.70 over the next one to three weeks.
UOB strategists anticipate building downward momentum, which suggests potential weakness for the pair over the next one to three months.
United Overseas Bank strategists project USD/JPY will remain range-bound in the near term as the pair lacks clear directional momentum. While intraday trading stays confined to the 157.55–158.45 band, analysts anticipate potential downward pressure emerging over the next one to three months.
UOB strategists expect the pair to remain range-bound, trading between 157.55 and 158.45 in the immediate term.
While the short-term trend is neutral and range-bound, analysts see building downward momentum, suggesting potential weakness over the next one to three months.