Analysts expect the dollar-yen pair to trade between 158.00 and 160.20 over the next 1-3 weeks with a bullish tilt.
The USD/JPY pair showed limited movement, closing at 159.48 after trading in a tight 159.01–159.56 range. Analysts describe the intraday price action as inconclusive but anticipate a trading range of 159.00 to 159.70 today.
Over the next 1-3 weeks, the pair is expected to remain within a narrower 158.00–160.20 band, with an upside bias. Longer-term charts suggest further gains if the pair holds above the 21-day exponential moving average near 161.00.
The underlying tone for USD/JPY remains firm, though recent price movements have lacked clear direction. Prior analysis had set a broader range of 157.00–160.20, which has since tightened.