USD to JPY: Range-Bound Trading Expected in Coming Days
The US Dollar (USD) is projected to trade within a range of 142.95 to 144.40 against the Japanese Yen (JPY), according to analysts from UOB Group. This cautious approach reflects the market’s current stance, avoiding major shifts until clearer signals emerge. In the longer-term perspective, price action suggests a shared observation that the USD will oscillate between the levels of 142.10 and 145.50. Market participants should prepare for this sideways action as potential global events unlock new volatility in currency trading that can shift outlook dramatically. Understanding these dynamics will be key to making informed trading decisions in the days ahead.