The USD/JPY exchange rate is expected to trade within a range of 147.60 to 148.90. Analysts at UOB Group indicate that while there has been a decrease in downward momentum, the range is likely to remain between 146.50 and 149.50 in the longer term.

Market participants should focus on economic indicators from both the United States and Japan that may influence the strength of both currencies. As uncertainties linger, this trading range may offer opportunities for traders looking to capitalize.

Any significant developments in international trade or monetary policy shifts are poised to affect the USD/JPY pair, making it essential for traders to stay informed.