USD JPY: Upside Potential to 153.65 Remains Possible
Expect potential gains in the USD JPY currency pair, with forecasts suggesting a rise to 153.65. Analysts from UOB Group note that the major resistance point of 154.30 seems out of reach right now. With downward pressure easing, the outlook remains positive for traders. In the short term, the range of 151.40 to 154.35 should guide your trading strategies. It is essential to keep a close watch on market indicators and global economic factors that may elevate this currency pair. An adaptable approach will be beneficial as you navigate this current trading phase.