UOB analysts forecast limited upside for USD/JPY in the near term, with trading expected between 160.60 and 162.45 over the next 1-3 weeks.
The Japanese yen saw a rebound in USD/JPY trading after a sharp drop to 161.26, with intraday gains expected to remain capped between 161.60 and 162.45. Analysts noted the recovery followed a volatile session but emphasized limited upward momentum in the short term.
Over the next 1-3 weeks, the outlook for USD/JPY is described as mixed, with a trading range of 160.60 to 162.45. The pair’s recent movements reflect broader market uncertainty, though no immediate breakout is anticipated.
No significant market reaction was reported following the update, as traders await further cues on monetary policy or economic data.