USD/JPY Price Action Remains Choppy Amid Rangebound Trading
According to UOB's Quek Ser Leang, the USD/JPY price action remains choppy, and the pair closed around 159.30 after a dip to 158.58.
The intraday direction is unclear, with trading expected between 158.80 and 159.60.
Over 1-3 weeks, the bias stays tilted to the upside, but gains are seen constrained within a range of 158.00-160.20.