The USD/JPY currency pair is currently poised to trade within the range of 156.20 to 157.35, according to recent insights from UOB Group's FX analysts, Quek Ser Leang and Peter Chia. As market dynamics evolve, the prospect of the USD climbing to the 158.00 level appears increasingly unlikely, signaling a potential shift in bullish sentiment.
These developments highlight a cautious trading environment for the USD as traders navigate broader economic indicators. While the exchange rate remains relatively stable within the established range, the diminishing likelihood of a breakout to 158.00 suggests market participants may need to adjust their strategies in anticipation of more volatile conditions ahead.
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Data Source: FX Killer Analysis Team Updated: 2025-11-24 13:34
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.