USD/JPY remains in a range-trading phase, with intraday parameters now centred on 157.10 to 158.05 after the pair slipped to 156.94 and then rebounded to close at 157.53, down 0.10%. Despite the dip, short-term price action is described as lacking a clear build in downward momentum, keeping the focus on near-term boundary trading rather than a directional move.
Short-Term Price Action and Intraday Parameters
USD/JPY remains in a range-trading phase, with intraday parameters now centred on 157.10 to 158.05 after the pair slipped to 156.94 and then rebounded to close at 157.53, down 0.10%. Despite the dip, short-term price action is described as lacking a clear build in downward momentum, keeping the focus on near-term boundary trading rather than a directional move.
Medium- and Long-Term Outlook
Over a 1–3 week horizon, the broader band of 157.00 to 158.60 continues to frame expectations, even after a brief break below 157.00 to 156.94 failed to hold. With no sustained move through 157.00, the pair is still treated as range-bound for now, although the longer 1–3 month assessment points to a rapid increase in downward momentum, implying potential US dollar weakness against the yen.
