UOB analysts forecast continued range-bound trading for USD/JPY between 157.00 and 159.00, citing limited directional momentum despite recent volatility driven by shifting US yields.
USD/JPY swung between 157.39 and 158.74 before closing at 158.42, with lower US yields supporting the Japanese Yen. UOB sees limited directional edge intraday (157.70–158.70) and maintains a one-to-three-week range view of 157.00–159.00, implying no clear breakout bias.
UOB expects a 157.70–158.70 range intraday and maintains a one-to-three-week range-trading view between 157.00 and 159.00.
Lower US yields supported the Japanese Yen, with USD/JPY swinging between 157.39 and 158.74 before closing at 158.42.
The USD/JPY pair remains trapped in a tight consolidation phase, closing at 158.42 following a volatile session. UOB analysts expect the pair to maintain a range between 157.00 and 159.00 over the next three weeks as lower US yields provide support for the Japanese Yen.
UOB expects a 157.70–158.70 range intraday and maintains a one-to-three-week range-trading view between 157.00 and 159.00.
Lower US yields supported the Japanese Yen, with USD/JPY swinging between 157.39 and 158.74 before closing at 158.42.