Japanese Yen: Mixed outlook within defined band against US Dollar – UOB

Source Summary

UOB’s Quek Ser Leang and Lee Sue Ann report that USD/JPY rebounded after a sharp drop to 161.26, with intraday gains expected to be capped between 161.60 and 162.45. Over the next 1–3 weeks, the outlook is described as mixed, with trading likely between 160.60 and 163.00.