Analysts forecast consolidation between 159.20 and 160.30 as upward momentum in the pair weakens.
USD/JPY recovered to close near 160.00 after a sharp intraday drop, erasing earlier losses. The pair’s upward momentum has faded, signaling a potential pause in its recent rally.
Recent trading saw the yen weaken against the dollar, though the latest rebound suggests a consolidation phase. Analysts expect the pair to trade within a 159.20 to 160.30 range in the near term, reflecting a firm but stabilizing tone.
No immediate market reaction was noted beyond the intraday volatility, with traders awaiting further cues on monetary policy or economic data.