Japanese Yen: Bearish momentum builds within broad range against US Dollar – UOB

United Overseas Bank’s (UOB) Quek Ser Leang highlights USD/JPY at 158.50, with the Japanese Yen still the weakest G10 currency as carry trades persist. Intraday, the Dollar is expected to edge higher toward 158.80, while the key resistance at 159.05 should stay out of reach. Over 1–3 weeks, UOB maintains a range-trading view between 157.50 and 159.05, despite longer-term downside risks.