Analysts expect the pair to trade between 158.70 and 159.54 intraday after minimal movement in yesterday’s session.
The USD/JPY pair closed nearly unchanged at 159.41 after fluctuating between 158.58 and 159.54 during the session. The minimal net movement reflects a consolidative phase following recent volatility in the yen.
Analysts noted the pair remains within a higher trading range, with intraday support and resistance levels set at 158.70 and 159.54, respectively. The yen’s bearish bias against the dollar persists amid broader macroeconomic trends.
No immediate market reaction was specified, but the outlook suggests continued pressure on the yen in the near term.