UOB sees bearish yen bias within 158.00–160.20 vs dollar
UOB analysts view the Japanese yen with a bearish bias against the US dollar within a 158.00–160.20 range, though near-term USD/JPY action is inconclusive.
USDJPY
United Overseas Bank analysts Quek Ser Leang and Lee Sue Ann said the yen has a bearish bias against the US dollar within a 158.00–160.20 band.
For the intraday session, they described USD/JPY price action as inconclusive and expect trading between 159.00 and 159.70, following a tight 159.01–159.56 range.
Source: FXStreet Forex News