USD/JPY Range-Bound at 160.60–163.00, UOB Says
UOB analysts report USD/JPY traded in a 161.62–162.47 range, closing at 162.23, and expect consolidation within a 160.60–163.00 band.
USDJPY
United Overseas Bank analysts Quek Ser Leang and Lee Sue Ann note that USD/JPY fluctuated between 161.62 and 162.47 on the previous day, closing slightly lower at 162.23 after failing to test the 162.70 level.
Intraday, the pair is expected to trade within a range of 161.75 to an unspecified upper limit. The broader outlook suggests consolidation within a 160.60–163.00 band.
Key observations:
- Yesterday's range: 161.62–162.47
- Close: 162.23 (slightly lower)
- Failed to test 162.70
- Intraday range: 161.75–... (as per UOB)
- Overall band: 160.60–163.00
Source: FXStreet Forex News