USD/JPY is expected to remain range-bound in the near term, with a 24-hour trading band seen at 157.80 to 158.50. The pair previously climbed to 158.94 before selling off, then dipped to 157.53 and rebounded to close at 157.98, down 0.21%; the pullback has moderated as the bounce eased downside pressure.
Short-Term and Intermediate Range Outlook
Over a 1–3 week horizon, the cross is still framed as range-trading between 157.50 and 159.05, a view left unchanged after the recent spike and subsequent retracement.
Longer-Term Momentum and Downside Risks
Over 1–3 months, downside momentum is described as building, implying further weakness in USD/JPY, although a move back to the January low at 152.08 remains uncertain.
