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fxJul 23, 2026, 7:45 AM

UOB Sees USD/JPY Consolidating Between 162.80 and 163.30 After Hitting 40-Year High

United Overseas Bank analysts expect USD/JPY to consolidate between 162.80 and 163.30 after the pair reached a 40-year high above 163.

USDJPY

United Overseas Bank's Quek Ser Leang and Lee Sue Ann note that USD/JPY surged to a 40-year high above 163.00. The analysts now anticipate intraday consolidation within a narrow 162.80–163.30 range, citing a lack of fresh catalysts from recent price action.

Source: FXStreet Forex News