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fxJul 8, 2026, 7:50 AM

UOB: USD/JPY Bias Tilted Higher, Resistance at 163.00

United Overseas Bank notes USD/JPY is trading firmly after a sharp rise, with intraday bias pointing toward 162.70 and major resistance expected at 163.00.

USDJPY

United Overseas Bank (UOB) strategist Quek Ser Leang observes that the Japanese yen remains weak against the US dollar within a defined trading band. USD/JPY has traded firmly following a sharp advance, and the intraday bias is tilted higher.

Near-term support is not specified, but the pair is expected to test the 162.70 level on the upside. Major resistance stands at 163.00, which is anticipated to hold in the near term.

The comments reflect a continued bullish bias for the dollar versus the yen, with the market watching for a potential break above the current range.

Source: FXStreet Forex News