USD/JPY Forecast: Trading Within a Broader Range of 143.30 - 144.30 – UOB Group

USD/JPY Price Outlook: Trading Within a Broader Range of 143.30 to 144.30

USD/JPY Likely to Trade Within 143.30 - 144.30 Range

The USD/JPY currency pair is expected to continue trading within a broad range between 143.30 and 144.30, without sustained upward momentum. This follows a strong rebound from recent lows, indicating the pair remains range-bound.

24-Hour Market Overview

Two days ago, USD/JPY plunged sharply to 142.52, but rebounded strongly to close at 144.00, up 0.92%. The rebound looks somewhat excessive and is likely to form part of the upper boundary of the range, rather than signal a prolonged rally.

1-3 Weeks Outlook

In the medium term, USD/JPY is projected to trade within a range of 142.10 to 145.50. A decisive break below 142.10 would suggest further downside, while a sustained move above 143.85 is needed to challenge the upper resistance levels.

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