Japanese Yen: Trades in a narrow range against US Dollar – UOB

UOB strategists Quek Ser Leang and Lee Sue Ann note that USD/JPY slipped modestly as the Japanese Yen (JPY) strengthened, with intraday price action confined to a narrow band. They see the pair locked in a short-term range between nearby support and resistance, while the 1–3 month view warns that rapid downward momentum could drive further weakness, though reaching the January low remains uncertain.