UOB analysts see near-term upside for USD/JPY toward 162.80 but expect range-bound trading between 160.60 and 163.00 over coming weeks.
USD/JPY maintains an upside bias with potential to test 162.80 intraday, according to recent analysis. Major resistance at 163.00 is viewed as unlikely to be breached in the near term.
Over the next one to three weeks, the outlook appears mixed, with trading expected to remain within a 160.60 to 163.00 range. The pair’s recent movements reflect ongoing uncertainty in broader market sentiment.
No immediate market reaction was specified, though the bias suggests cautious optimism for further USD strength against the JPY.