USD JPY Trading Likely to Remain within 142.70 to 144.55
The US Dollar is projected to trade within a range of 142.70 to 144.55 against the Japanese Yen. Current market conditions indicate a short-term decline for the USD, although analysts note the deep oversold state could limit further downturns. While 139.55 is a potential target for the USD, the range-bound trading environment suggests caution among forex traders. The UOB Group experts highlight the significance of these levels, noting they reflect broader market sentiments and economic conditions. Investors should keep an eye on upcoming economic data, which could provide clarity on future price movements.