USD/JPY Poised for Further Gains, Targeting 148.30 According to UOB Group
The US Dollar shows strong potential to extend its gains against the Japanese Yen, approaching a target of 148.30. However, the primary resistance level at 148.80 is unlikely to be tested at this time. Analysts from UOB Group, Quek Ser Leang and Peter Chia, note that the USD has shifted back into a range-trading phase, oscillating between 146.50 and 148.80. Traders should be vigilant in monitoring these levels as they navigate through the volatility. With economic indicators playing a pivotal role, keep updated with the latest forecasts and analysis at entreprenerdly.com.