USD/JPY Range-Bound Trading Outlook Confirmed by UOB Analysts

Japanese Yen's trading dynamics against the US Dollar remain range-bound, according to United Overseas Bank (UOB) analysts Quek Ser Leang and Lee Sue Ann.

In their latest analysis, they note that USD/JPY has been fluctuating within a narrow range, with recent closes showing little change. For the 24-hour view, they expect the Dollar to trade between 158.95 and 159.50, following the pattern of previous days.

Looking at a longer-term horizon, UOB analysts see USD/JPY staying confined between 157.90 and 159.80 over the next one to three weeks. However, they do leave room for further gains if key support levels hold up over the next one to three months.