USD/JPY Forecast: Decline Below 158.00 Likely Despite Intraday Gains
The US dollar gave back some early gains against the yen but remains 0.5% higher around 160.30. Analysts see a potential decline below the 158.00 level.
USDJPY
The dollar-yen pair was last seen at 160.30, a 0.5% gain on the day, though off its session highs.
The retreat from earlier peaks aligns with a broader view that the pair could extend its decline, with forecasts targeting a move below 158.00. No specific catalyst was cited in the update.
Source: FXStreet Forex News