USD/JPY Could See Sharp Decline if It Breaks Below 145.00, Says UOB Group
UOB Group analysts suggest that the US Dollar (USD) might trade within a range of 145.20 to 147.50 against the Japanese Yen (JPY). Analysts believe a further decline is likely if the USD holds below the critical level of 145.00. While there is potential for fluctuations, immediate weakness does not seem probable. The analysis serves as a warning to investors about the volatility that may lie ahead in USD/JPY trading. Stakeholders should prepare for potential market shifts as they monitor this currency pair closely.