USD/JPY Set for Range Trading Between 146.50 and 148.60, Says UOB
Market analysis suggests that the US Dollar (USD) is likely to trade within a range between 146.50 and 148.60 against the Japanese Yen (JPY). Analysts from UOB Group highlight that while a longer-term bullish outlook for USD persists, traders should anticipate a range-bound trading period ahead. The key level to monitor is 149.30, indicating potential shifts in momentum. As these dynamics evolve, investors must evaluate their strategies to navigate the lateral movements in this currency pair effectively.