USD/JPY is consolidating within a tighter range of 144.50/147.30 – UOB Group

  • There has been no further increase in downward momentum; instead of weakening, US Dollar (USD) is likely to trade between 144.60 and 145.70. In the longer run, USD remains in consolidation, but likely within a tighter range of 144.50/147.30, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.