UOB analysts forecast USD/JPY downside toward 155.00 and 154.10 unless resistance at 160.00 is breached.
USD/JPY traded in a narrow range between 157.27 and 157.87, closing at 157.74 with flat intraday momentum indicators. The pair is expected to remain within a 157.30–158.20 band in the near term.
Analysts maintain a downside bias, targeting 155.00 and 154.10 over the next 1-3 weeks, contingent on the 160.00 resistance level holding. The yen’s support stems from persistent downward pressure on the pair.
No immediate market reaction was noted, as the pair continues to exhibit limited volatility within the specified range.