USD JPY Steady as Market Stays Within Narrow Range
The USD JPY exchange rate shows signs of stability, with pricing appearing consolidated between 144.60 and 145.70. UOB Group’s FX analysts indicate that while the US Dollar has not weakened, it will primarily trade within 144.50 to 147.30 range in the longer term. This period of consolidation indicates a cautious sentiment in the market and offers traders various strategies for potential profit.