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fxJul 16, 2026, 11:29 AM

UOB: USD/JPY Downward Momentum Points to Lower Intraday Range

United Overseas Bank analysts note a slight increase in downward momentum for USD/JPY, suggesting a lower intraday trading range.

USDJPY

United Overseas Bank's Quek Ser Leang and Lee Sue Ann observe that USD/JPY has experienced a slight increase in downward momentum. This points to a lower intraday range for the pair.

The analysts maintain a mixed range trade outlook but highlight the shift in momentum as a key factor for near-term price action.

Source: FXStreet Forex News