USD/JPY Stays in Range as USD Consolidates at 144.00-145.15
The US Dollar trades within a tight range of 144.00 to 145.15 against the Japanese Yen. UOB Group’s analysts suggest that the USD’s recent momentum indicates a consolidation phase. An increase in momentum is noted, but it lacks the strength to confirm any sustained advance. For a significant upward move, the USD must maintain its position above the 145.50 level. Traders should be vigilant as this range indicates potential volatility for the USD/JPY pair. Monitor closely as economic updates and market trends could prompt a breakout in either direction.