The USD/JPY currency pair is showing increased momentum, suggesting that the US Dollar may continue to advance in the near term. However, analysts from UOB Group, Quek Ser Leang and Peter Chia, assert that the exchange rate of 157.50 is likely out of reach for the time being. This indicates that while traders may see bullish trends, immediate resistance at this level remains strong.
Looking ahead, the analysts anticipate mild upward pressure on the USD. They believe that over the longer term, the US Dollar could gradually drift higher and eventually test the 157.50 mark. This potential upward movement in the exchange rate could influence trading strategies and market sentiment as investors adjust their positions in anticipation of future price action.
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Data Source: FX Killer Analysis Team Updated: 2026-01-05 13:40
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.