Analyst report 💱 Forex 🌍 GLOBAL

USD/JPY Targets 158.55 as UOB Analysts Forecast Firmer Intraday Range

UOB analysts shift their intraday outlook for USD/JPY to a 157.90–158.55 range, citing a firmer tone for the dollar against the yen after recent trading sessions.

🕐 1 min read

1 assets impacted (Forex). Net bias: 1 Bullish, 0 Bearish, 0 Neutral. Strongest signal: USD/JPY ↑ 2/10 (55% confidence).

📊 Affected Assets (1)

USD/JPY
Bullish 🤖 55%
⚡ Intraday 🌍 GLOBAL · Explicit

UOB expects USD/JPY to trade in a higher intraday band of 157.90-158.55, indicating a slightly firmer US dollar against the yen.

🎯 Key Takeaways

  • UOB analysts project a higher intraday trading band of 157.90–158.55 for USD/JPY.
  • The pair shows a firmer tone following recent price consolidation between 157.74 and 158.42.

📝 Executive Summary

United Overseas Bank analysts Quek Ser Leang and Lee Sue Ann report a firmer tone for the USD/JPY pair. The pair is expected to trade within a higher intraday band of 157.90 to 158.55 following recent price action between 157.74 and 158.42.

❓ FAQ

What is the expected intraday range for USD/JPY according to UOB?

UOB analysts expect the USD/JPY pair to trade within an intraday range of 157.90 to 158.55.