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Japanese Yen: Mild upside bias against US Dollar within range - UOB

United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann observe that USD/JPY held within 157.67–158.33 on Friday, closing almost unchanged at 157.

United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann observe that USD/JPY held within 157.67–158.33 on Friday, closing almost unchanged at 157.99.

Short-term momentum is tilting lower, with scope to test 157.50, though a decisive break below that level is not expected.

Market commentary only, not advice. 45 words on the desk. Trading involves risk. Headline credited to FXStreet.

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