The US Dollar (USD) is expected to trade within a narrow range of 156.35 to 157.30 against the Japanese Yen (JPY). UOB Group's FX analysts, Quek Ser Leang and Peter Chia, indicate that the prospect of the USD rising to 158.00 appears to be waning. This suggests a cautious market sentiment surrounding the USD's strength in the near term.
As traders monitor the exchange rate dynamics, the diminishing likelihood of a rally toward 158.00 may lead to a reassessment of positions in the currency pair. Influences such as economic indicators and geopolitical developments will continue to shape market expectations, keeping participants focused on key technical levels for potential trading opportunities.
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Data Source: FX Killer Analysis Team Updated: 2025-11-25 11:17
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.