The USD/JPY currency pair is expected to enter a consolidation phase, trading within a range of 143.40 to 144.85. As economic uncertainty looms, UOB Group analysts Quek Ser Leang and Peter Chia believe the USD is likely to hover between 142.20 and 146.70 in the longer term.

This consolidation reflects the market’s response to ongoing economic developments. Traders should prepare for price fluctuations as they navigate these ranges. Understanding the factors influencing USD/JPY will be vital for effective trading strategies.

As we monitor this consolidation phase, insight into key economic indicators will provide clues on potential movements. Market participants should remain agile, ready to respond to shifts that can occur unexpectedly.

Traders focusing on USD/JPY must consider both domestic and international factors that impact currency valuations. Being prepared for volatility in the consolidation phase will help traders capitalize on emerging opportunities.