UOB Analysts See Further USD Strength Against JPY, Eye Resistance at 158.40

United Overseas Bank (UOB) analysts maintain a short-term optimistic outlook on the USD/JPY pair, anticipating continued strength in the US Dollar. According to FX Street, UOB's Quek Ser Leang and Lee Sue Ann expect intraday trading to range between 157.10 and 157.90, following a recent close at 157.37.

The analysts highlight resistance at 158.40 as a key level to watch for the pair, signaling potential limits to upward momentum in the near term. This suggests that while the USD may gain further against the Japanese Yen, caution is advised around this resistance point.

Given the Bank of Japan’s ongoing accommodative monetary policy and recent global risk factors, USD/JPY remains a focal point for Japanese market participants navigating FX volatility and cross-border investment flows.