UOB: USD/JPY Edges Higher, Bias Tilted Modestly Upside Within Tight Band
UOB strategists note USD/JPY has edged higher to around 162.35, with intraday bias tilted modestly to the upside but capped within a tight band. The yen shows a slight downside bias against the US dollar.
USDJPY
United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann observed that USD/JPY ticked up to approximately 162.35. They report a modest intraday upside bias, though the pair remains constrained within a narrow range. The Japanese yen continues to exhibit a slight weakening bias against the US dollar, according to the analysts.
Source: FXStreet Forex News