USD/JPY exhibits firm upward momentum in early Asian trading, though UOB strategists warn that further upside potential for the pair remains constrained by capped yen losses.
UOB strategists note USD/JPY trades firmly with upward momentum but yen losses appear capped, suggesting limited further upside.
United Overseas Bank strategists report that the USD/JPY pair continues to trade with firm upward momentum during early Asian market sessions. Despite this strength, analysts suggest that further gains for the dollar against the yen may be limited as downside pressure on the Japanese currency appears to be capped.
UOB strategists observe firm upward momentum for the pair but suggest that further gains are limited as yen losses appear capped.