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fxAug 5, 2026, 9:43 AM

USD/JPY Muted Below 160; UOB Sees Range Trading

UOB analysts note muted price action in USD/JPY, with the pair confined to 157.15–157.95 and momentum flattening. They expect intraday range trading between 157.00 and an unspecified upper bound.

USDJPY

USD/JPY has been confined to a narrow range, according to UOB analysts Quek Ser Leang and Lee Sue Ann. The pair traded between 157.15 and 157.95, with momentum indicators turning flat.

The analysts maintain that the yen's recent gains are intact as long as the pair stays below the 160.00 level. Near-term price action is described as muted, with no clear directional bias emerging.

For the intraday session, UOB expects range trading to persist. They see support around 157.00, though the upper end of the expected range was not specified in the release.

Source: FXStreet Forex News