USD/JPY Remains Stable Despite Oversold Conditions: Analysis by UOB
The US Dollar shows signs of a potential drop against the Japanese Yen; however, oversold conditions suggest that any further decline may not hit the 142.80 level. UOB Group analysts indicate the USD may oscillate between 142.10 and 146.30 in the short term. This projected range suggests traders should prepare for volatility while monitoring economic indicators. As always, keeping an eye on market sentiment will prove essential for successful trading strategies.