USD JPY Positioned for Consolidation as Analysts Predict Range
The USD/JPY pair is expected to experience consolidation between levels of 153.30 and 154.85. Analysts from UOB Group note that while the US dollar shows signs of potential increases, overbought conditions suggest advances may struggle to reach the 155.80 level. As traders assess these insights, a focus on this tight range could provide crucial information for positioning strategies moving forward.