The USD/JPY currency pair is currently experiencing strong momentum, suggesting continued strength for the US Dollar. However, analysts from UOB Group, Quek Ser Leang and Peter Chia, indicate that the key resistance level at 160.00 is likely out of reach for the time being. This indicates that traders may need to adjust their expectations regarding imminent price movements.
Looking ahead, UOB's analysts believe there remains substantial potential for the USD rally to extend in the longer term. If market conditions favor the USD, a breakthrough above the 160.00 resistance could occur, setting the stage for further gains in the exchange rate. As such, traders should keep a close eye on market trends and economic indicators that may impact the USD/JPY trading landscape.
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Data Source: FX Killer Analysis Team Updated: 2026-01-14 10:51
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.