USD/JPY Forecast: Limited Downside Ahead?
The US Dollar could see a slight decline below last week’s low at 146.60. Analysts at UOB Group express skepticism about the scope for further drops, suggesting that a significant decline to 145.80 is unlikely. While the long-term perspective remains negative for USD, current momentum may not be sufficient to reach 145.80 just yet. Traders should remain cautious while monitoring market developments that could influence USD/JPY movements in both the short and long term.