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fxJun 29, 2026, 7:41 AM

USD/JPY Consolidates Near 2024 High at 162.00 – UOB

United Overseas Bank's Quek Ser Leang notes USD/JPY is consolidating just below the 2024 high of 162.00, with intraday trading expected between 161.45 and the upper boundary.

USDJPY

United Overseas Bank (UOB) analyst Quek Ser Leang observes that USD/JPY continues to consolidate just below the 2024 peak of 162.00. The pair is holding near multi-year lows against the US dollar.

Intraday price action is expected to remain within a range of 161.45 to an unspecified upper level, reflecting a lack of breakout momentum for now.

Source: FXStreet Forex News