The USD/JPY currency pair is poised to move higher, with forecasts suggesting a target of 157.15. Analysts from UOB Group, Quek Ser Leang and Peter Chia, indicate that while the current momentum supports this upward trend, any advance beyond 157.50 appears limited.
Looking ahead, the USD is expected to trade within a range of 155.60 to 157.50. This range reflects a cautious outlook on the dollar's strength, which may be influenced by broader market conditions and the performance of other currencies, such as the EUR. Traders should monitor these levels closely as they could signal potential trading opportunities in the Forex market.
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Data Source: FX Killer Analysis Team Updated: 2026-01-07 11:42
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.