USD/JPY Upside Bias Holds Within Narrow Range, UOB Says

Analysts see limited near-term movement for the pair, with a mild bullish tilt expected over the next 1-3 weeks. The USD/JPY pair shows a slight increase in upward momentum but remains within a tight intraday range of 159.00–159.80. Recent price action between 158.82 and 1

Analysts see limited near-term movement for the pair, with a mild bullish tilt expected over the next 1-3 weeks.

The USD/JPY pair shows a slight increase in upward momentum but remains within a tight intraday range of 159.00–159.80. Recent price action between 158.82 and 159.59 failed to signal a sustained advance, keeping moves constrained for now.

Over the next 1-3 weeks, the bias stays tilted to the upside, though a broader range of 158.00–160.20 is expected to contain volatility. The Japanese Yen remains under mild pressure as underlying tone appears firm.

No immediate breakout is anticipated, with analysts emphasizing the likelihood of continued consolidation near current levels.

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