USD/JPY Predicted to Trade Between 148.80 and 150.70, UOB Group Reports
UOB Group’s analysts forecast a tight trading range for USD/JPY. The US Dollar (USD) is expected to hover between 148.80 and 150.70 against the Japanese Yen (JPY). This forecast arises from the current economic outlook, which indicates that the USD may struggle to maintain a clear direction.
The analysts note that if the dollar fails to hold below 148.50, it could lead to a period of uncertainty. Their detailed analysis suggests a potential trading range of 148.00 to 151.50 in the longer-term. Traders should be prepared for varying volatility as market conditions evolve.
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