UOB analysts identify a short-term bearish bias for USD/JPY toward 157.00, though they expect the pair to remain confined within a 157.00-159.00 range over the next one to three weeks.
UOB analysts see increased downward momentum after the pair closed at 157.66 (-0.48%) and now expect a bearish intraday bias toward 157.20, potentially testing major support at 157.00. Over 1-3 weeks, however, they only expect range trading between 157.00 and 159.00, which limits the bearish signal to a routine analyst view within a band.
The analysts expect a short-term downward bias toward 157.20 and possibly 157.00, with resistance at 158.10 and 158.30.
No, over 1-3 weeks they still expect the pair to trade in a broad range between 157.00 and 159.00.
United Overseas Bank analysts report a modest increase in downside momentum for the USD/JPY pair following a soft close at 157.66. While the pair faces an immediate bearish bias toward the 157.20 and 157.00 levels, the broader outlook remains unchanged. UOB maintains a 1-3 week forecast of range-bound trading between 157.00 and 159.00.
The analysts expect a short-term downward bias toward 157.20 and possibly 157.00, with resistance at 158.10 and 158.30.
No, over 1-3 weeks they still expect the pair to trade in a broad range between 157.00 and 159.00.