{
  "id": 12119289,
  "title": "Japanese Yen: Broad range holds despite weak momentum against US Dollar – UOB",
  "url": "https://urgent.news/2026/10/05/japanese-yen-broad-range-holds-despite-weak-momentum-against-us",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-05T08:12:10.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/japanese-yen-broad-range-holds-despite-weak-momentum-against-us-dollar-uob-202610050812"
  },
  "original_language": "en",
  "account": "United Overseas Bank (UOB) strategist Quek Ser Leang reported that the USD/JPY exchange rate fluctuated between 156.94 and 158.21, concluding at 157.83. He anticipates intraday trading to occur within the 157.10–158.10 range. Quek now recommends a broad consolidation between 156.35 and 158.70 instead of more significant declines over the next 1-3 weeks. However, in the 1-3 month outlook, he still anticipates rapid downside momentum that could drive the yen lower towards the January low of 152.08.\n\nOn a 24-hour view, the previous Thursday saw the USD rise to 158.45 before closing 0.43% higher at 158.07. When USD hit 157.90 in the early Asian session, UOB noted that the upside bias had eased and expected the USD to trade within the 157.20-158.30 range. The USD did indeed rise to 158.21, but during the New York session, it briefly dipped to a low of 156.94 before rebounding to close at 157.83, marking a 0.15% decrease.\n\nFor the next 1-3 weeks, UOB expects the USD to trade between 157.10 and 158.10. In their latest outlook from September 28th (with the spot price at 157.50), they stated that while the USD could potentially decline further, any such drop should remain within the 156.00-158.70 range. Since this brief dip to 156.35, the USD has not made much headway to the downside. Instead, it is expected to trade within the 156.35-158.70 range.",
  "summary": "United Overseas Bank (UOB) strategist Quek Ser Leang observes USD/JPY fluctuated between 156.94 and 158.21, closing at 157.83, with intraday trading expected inside 157.10–158.10. Over 1–3 weeks, he now favours a broad consolidation between 156.35 and 158.70 rather than deeper pullbacks. On a 1–3 month horizon, however, he still flags rapid downside momentum that could drive further weakness…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "US Dollar: Holds gains as Fed pricing stays firm – ING",
        "url": "https://urgent.news/2026/10/05/us-dollar-holds-gains-as-fed-pricing-stays-firm-ing",
        "published": "2026-10-05T08:41:53.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}