Daily Market Updates: Japanese Yen: Sideways trade with upside risk against US Dollar

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Japanese Yen: Sideways trade with upside risk against US Dollar – UOB

Reported · Written up by our desk · Major Pairs

United Overseas Bank strategists Quek Ser Leang and Lee Sue Ann describe USD/JPY as remaining in a range-trading phase, with intraday levels and a broader 157.00–158.60 band guiding price action. While near-term momentum is not decisively bearish, their 1–3 month view highlights a rapid increase in downward momentum, pointing to further Dollar weakness against the Japanese Yen.

Latest closeUSD/JPY 157.80 ▼0.0%

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FXStreetJapanese Yen: Sideways trade with upside risk against US Dollar – UOB

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Japanese Yen: Sideways trade with upside risk against US Dollar – UOB

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