UOB analysts maintain a neutral short-term outlook for USD/JPY, projecting a range-bound trade between 157.00 and 158.60 before anticipating a potential medium-term decline.
UOB analysts Quek Ser Leang and Lee Sue Ann observe that the USD/JPY pair is currently experiencing a period of consolidation, trading within a tight intraday range of 157.45 to 158.20. While the short-term outlook remains neutral with a defined 1–3 week range of 157.00 to 158.60, the medium-term 1–3 month forecast suggests a bearish bias for the Dollar.
The pair is expected to remain confined between 157.00 and 158.60.
The 1–3 month view points to further weakness for the Dollar, though a return to the January low of 152.08 is not guaranteed.
United Overseas Bank analysts Quek Ser Leang and Lee Sue Ann report that the USD/JPY pair remains trapped in a narrow intraday range. While short-term volatility stays contained between 157.00 and 158.60, the medium-term outlook suggests a bearish trend for the Dollar against the Yen.
UOB analysts expect the pair to remain range-bound in the short term, with a bearish bias emerging over the next 1-3 months.