UOB analysts forecast downside risk for USD/JPY toward 154.10 if the pair stays below 160.00 resistance in coming weeks.
United Overseas Bank analysts expect USD/JPY to trade in a tight intraday range of 157.00–158.30, with momentum indicators turning flat. The pair has been confined between 157.15 and 157.95 recently, reflecting muted price action.
Over the next 1–3 weeks, the risk remains skewed to the downside, targeting 155.00 and 154.10, provided the 160.00 resistance level holds. Downward momentum has slowed, but the outlook remains unchanged as long as the pair does not breach 160.00.