UOB analysts see limited near-term movement in USD/JPY, with a slight upward bias constrained within a 158.00–160.20 band.
USD/JPY remains rangebound, closing at 159.30 after dipping to 158.58, with unclear intraday direction. UOB expects trading between 158.80 and 159.60 in the near term.
Over the next 1–3 weeks, the bias stays tilted to the upside, though gains are expected to stay within 158.00–160.20. The pair has shown choppy price action, with no clear breakout from recent ranges.
The release noted that underlying tone remains firm, but a narrower range is likely sufficient to contain movements for now.