The USD/JPY currency pair has extended its recent rebound, reaching around 155.08, according to FX Street. The pair shows modest upward momentum, suggesting it could test levels above 155.50 in the near term.
Despite this positive movement, the 156.30 level remains a distant resistance point, limiting further immediate gains. Market watchers, including analysts from UOB like Quek Ser Leang and Lee Sue Ann, are monitoring these levels closely for signs of sustained strength.
This development comes amid ongoing market adjustments influenced by Japan’s monetary policy stance and global risk sentiment, factors that continue to shape the yen’s trajectory in FX markets.