The USD/JPY pair remained confined within a subdued trading range, with momentum turning flat, according to FX Street. Price action was limited between 157.15 and 157.95, reflecting a lack of strong directional drivers.
United Overseas Bank (UOB) analysts Quek Ser Leang and Lee Sue Ann expect the pair to continue trading within a narrow intraday range of 157.00 to 158.30. This outlook suggests limited volatility for the US Dollar against the Japanese Yen in the near term.
Market participants in Japan are closely watching USD/JPY movements as the currency pair approaches the psychologically significant 160.00 yen level, which could influence investor sentiment and trading strategies amid ongoing global economic uncertainties.