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Home›Forex›Major Pairs›Japanese Yen: Range trading seen at 157.00-158.60 agai…

Japanese Yen: Range trading seen at 157.00-158.60 against US Dollar - UOB

Reported · Written up by our desk · Major Pairs

UOB’s Quek Ser Leang and Lee Sue Ann observe USD/JPY broke above the prior 157.80 strong resistance, reaching 157.97, with negative divergence signalling slowing upside momentum and no imminent pullback. Intraday, they expect consolidation between 157.55 and 158.05.

Latest closeUSD/JPY 157.83 ▲0.2%

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Sources

FXStreetJapanese Yen: Range trading seen at 157.00-158.60 against US Dollar - UOB

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