The US Dollar (USD) is showing signs of potential testing against the Japanese Yen (JPY), with current expectations pointing to a possible movement towards the 154.45 level. However, analysts from UOB Group have indicated that any significant advance is unlikely to breach the key resistance level at 155.00. This suggests a cautious trading environment for the USD/JPY currency pair.
In the broader context, UOB's FX analysts, Quek Ser Leang and Peter Chia, anticipate that the USD will likely trade within a range for the foreseeable future, specifically between 153.10 and 155.00. This range-bound movement implies a period of consolidation for the USD, which may lead to strategic trading decisions for investors closely monitoring the exchange rate dynamics of USD/JPY.
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Data Source: Yongxianli Analysis Team Updated: 2025-11-11 11:39
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.