UOB analysts forecast further yen declines toward 163.50 after USD/JPY breached a 40-year peak above 163.
The Japanese yen extended losses, with USD/JPY targeting 163.50 after hitting a 40-year high above 163. The move reflects sustained dollar strength amid diverging monetary policy outlooks.
Analysts noted intraday consolidation between 162.80 and 163.30, citing limited fresh catalysts in recent price action. The yen’s decline follows a broader trend of USD outperformance against major currencies.
No immediate market reaction was specified, but the yen’s trajectory remains under scrutiny as traders assess central bank policy shifts.