UOB strategists signal a bearish short-term outlook for USD/JPY, projecting a sideways trading range between 156.35 and 158.70 as the pair eyes a potential move toward 157.40.
UOB strategists have identified a shift in the short-term momentum for USD/JPY, noting a reversal from the 158.50 level. While the pair closed relatively flat at 158.06, the technical outlook suggests a downside bias toward 157.40, with a broader consolidation expected within the 156.35–158.70 range over the coming weeks.
UOB strategists expect the pair to trade sideways within a 156.35–158.70 band over the next one to three weeks.
The short-term downside target is identified at 157.40.
UOB strategists report a shift in the short-term bias for USD/JPY toward the downside, targeting the 157.40 level. While the pair recently traded near 158.06, analysts anticipate a consolidation phase within a 156.35 to 158.70 range over the coming weeks.
UOB strategists maintain a bearish short-term bias, expecting the pair to trade with a downside bias toward 157.40.
The pair is expected to trade sideways within a band of 156.35 to 158.70 over the next one to three weeks.