USDJPY Set to Rise as Analysts Forecast Further USD Strength
The US Dollar is expected to trade within a range of 146.70 to 148.20 against the Japanese Yen. Analysts from UOB Group, Quek Ser Leang and Peter Chia, suggest that while the USD is likely to strengthen in the long term, it may encounter a sideway movement in the short term. Traders should keep an eye on the 149.30 level for future movements.