Forex

USD/JPY Enters Range-Trading Phase, Analysts Predict

Guavy AI Editorial Team Published August 26, 2026

Instruments

JPY

Japanese Yen traders are expecting a range-trading phase for USD/JPY in the near term, according to analysts at United Overseas Bank (UOB). The pair has been trading within a higher intraday band of 158.80-159.45, and UOB's Quek Ser Leang and Lee Sue Ann expect it to oscillate between 157.90 and 159.80 rather than extend losses.

Last week, the USD/JPY traded between 158.33 and 159.13, closing little changed at 158.93 (-0.08%). The analysts stated that 'the price action provides no fresh clues' when USD was at 158.95 yesterday, adding that it could trade between 158.55 and 159.30.

UOB revised their USD view to slightly negative last Thursday (20 Aug, spot at 158.30), highlighting that downward momentum is starting to build but insufficient for a sustained decline. They also mentioned that USD 'could edge lower, but any decline should be contained within a 156.60/159.60 range.'

USD/JPY Enters Range-Trading Phase, Analysts Predict

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