UOB analysts expect USD/JPY to remain in a 157.30–158.20 range after closing at 157.74 with flat momentum indicators.
USD/JPY traded in a narrow band between 157.27 and 157.87 before closing at 157.74, with intraday momentum indicators showing no clear direction. The pair’s recent stability follows a period of subdued volatility, reflecting cautious market sentiment.
Analysts anticipate the currency pair will stay within a 157.30–158.20 range in the near term, citing limited catalysts for a breakout. Previous sessions saw similar consolidation, with resistance and support levels holding firm.
No immediate market reaction was reported, as traders await fresh economic data or policy signals to drive volatility.