USD/JPY Decline Signals Potential Long-Term Weakness
The persistent decline of USD/JPY indicates potential long-term weakness for the US dollar. At this moment, the currency is likely trading within a lower range defined by 154.90 and 156.15. Weakness in the dollar has not stabilized, causing concern among traders. If the dollar slips below 154.90, the next target may be 154.40. Market analysts from UOB Group have provided these insights, encouraging traders to prepare for fluctuations in the currency market. Staying informed on these developments is crucial for navigating the Forex landscape.