Japanese Yen: Downside bias within 158.00–160.20 band against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang observes that USD/JPY price action remains choppy, with the pair closing around 159.30 after a dip to 158.58. Intraday direction is unclear, with trading expected between 158.80 and 159.60.
UOB analyst Quek Ser Leang notes that USD/JPY trading remains range-bound, closing near 159.30 after slipping to 158.58. Intraday movement is uncertain, with traders expected to stay within a 158.80–159.60 band. Over the next 1–3 weeks, the bias leans upward, but gains are restricted to a 158.00–160.20 range. After a largely flat session last Thursday, USD/JPY fell to 158.58 before rebounding to close at 159.30, marking a -0.11% decline.
For the near future, USD/JPY could trade between 158.80 and 159.60. Experts have previously suggested a 157.00–160.20 upward range for the pair.
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