Analysts maintain a bullish short-term outlook for the pair but expect moves to stay capped between 157.00 and 160.20.
USD/JPY settled at 159.41, nearly unchanged after dipping to 158.58 and rebounding to 159.54. The pair remains within a tight intraday range of 158.70 to 159.70, reflecting limited volatility.
Earlier forecasts had anticipated a trading band of 158.95 to 159.60, but the pair briefly breached the lower bound before recovering. Over the next one to three weeks, the bias remains tilted upward, though any gains are seen as part of a broader 157.00–160.20 range rather than a breakout.
Recent price action has been subdued, with no clear directional momentum. Analysts note the pair’s resilience but emphasize the lack of a fresh trend.