USD/JPY Predicted to Trade within Range of 159.40 to 161.80 by UOB Group

Monday, 8 July 2024, 09:09
The latest forecast by UOB Group suggests that the USD/JPY currency pair is likely to experience rangebound trading between the levels of 159.40 and 161.80. With a potential downside movement towards 160.20 before stabilizing, traders are advised to monitor this range closely for potential trading opportunities.
FXStreet
USD/JPY Predicted to Trade within Range of 159.40 to 161.80 by UOB Group

USD/JPY Forecast by UOB Group

The forecast by UOB Group indicates that the USD/JPY currency pair is expected to trade within a range of 159.40 to 161.80.

Key Points:

  • Rangebound Trading: The forecast suggests a sideways movement within the specified price levels.
  • Potential Downside: A drop towards 160.20 is anticipated before stabilization.
  • Traders are advised to monitor the price range for trading opportunities.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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