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USD/JPY: Likely to trade in a range between 149.05 and 150.20 – UOB Group

Summary by FXStreet

US Dollar (USD) is likely to trade in a range between 149.05 and 150.20 vs Japanese Yen (JPY). In the longer run, USD appears to have moved into a 148.40/151.00 consolidation range, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.

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USDJPY Up As The Yen Faces Mounting Pressure On US Trade Barriers

USDJPY returned to the upside on Wednesday, gaining 0.1% to trade at 149.95 at the time of writing. The US dollar has weighed on the yen as the Japanese Government negotiates with the US Government on a potential escape route from the US reciprocal tariffs. Nonetheless the USDJPY currency pair is down by 0.6% in the last five sessions as concerns mount over likely US recession. Japan is likely to be among the most impacted economies as the “Libe…

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