Japanese Yen: Fading momentum clouds gains against US Dollar - UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann report that USD/JPY rebounded sharply to 157.64 instead of consolidating, with the move seen as overdone and likely to lead to intraday range-trading between 156.90 and 157.80. On a 1–3 week view, the earlier strong downside momentum is slowing, and a break above 157.80 would signal a shift into a range-trading phase rather than further declines, though the broader 1–3 month outlook still points to downside risks.