USD/JPY Forecast: Range Trading Projected Between 149.20 and 150.55
Market predictions show that the US Dollar (USD) will likely trade in a range between 149.20 and 150.55 against the Japanese Yen (JPY). Longer-term projections suggest a potential decline for the USD. Analysts from UOB Group underscore the importance of the significant support level at 148.63. Awareness of these levels and market movements is crucial for traders. Understanding the factors influencing this currency pair is vital. Rigorous analysis will guide participants in navigating the foreign exchange landscape effectively.
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