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fxAug 12, 2026, 8:49 AM

Japanese Yen Remains Vulnerable Against US Dollar, USD/JPY Consolidates Near 159.25 – UOB

UOB analysts note USD/JPY consolidating near 159.25 after Monday's sharp rise, with intraday trade expected between 158.95 and 159.60. Deeply overbought conditions may cap further gains.

USDJPY

According to UOB analysts Quek Ser Leang and Lee Sue Ann, USD/JPY is consolidating after Monday’s sharp advance, hovering around 159.25. Intraday trade is likely to remain within a 158.95 to 159.60 range.

While upward momentum remains strong, deeply overbought conditions suggest limited upside potential in the near term. The pair's resilience continues to underscore the yen’s vulnerability against the dollar.

Source: FXStreet Forex News