Insights 
VT 
The USD/JPY is expected to fluctuate within a range of 151.85 to 152.75, according to analysts from UOB Group. In the long term, recent price trends suggest an emerging range-trading phase between 149.50 and 153.00.
On a short-term basis, after a sharp drop to 151.15, the USD opened strongly. Analysts predict a trading range between 151.30 and 152.70, confirmed by recent movements from 151.70 to 152.44.
Medium Term Analysis
Over one to three weeks, the analysis remains neutral with the current phase likely between 151.85 and 153.00. This view aligns with recent indications of wider trading bounds of 149.50 to 153.00.
USD/JPY’s movements are part of a broader economic context, with numerous shifts in global currencies amid international tensions. For instance, EUR/USD, GBP/USD, and other currency pairs are showing volatility in response to geopolitical and financial developments.
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Investment Strategy
We see the USD/JPY pair is likely entering a consolidation phase, removing the momentum for strong directional bets. The expected trading range for the next few weeks seems to be between 149.50 and 153.00. This suggests that the pair will probably bounce between these levels without a significant breakout.
Given this expected stability, we should consider strategies that profit from low volatility and the passage of time. Selling options to collect premium, such as through an iron condor or a short strangle, could be an effective approach. These positions generate income as long as the currency pair remains within a defined price channel.
This view is supported by recent economic data from October 2025. The latest U.S. jobs report showed a non-farm payroll number of 175,000, slightly below expectations and cooling fears of further aggressive Federal Reserve action. Meanwhile, Japanese inflation remains stubbornly low at 1.9%, giving the Bank of Japan little reason to alter its accommodative policy.
We remember how the 152.00 level acted as a significant ceiling back in late 2023 and through 2024, prompting intervention from Japanese authorities to support the yen. The market has a long memory of the sharp pullbacks that followed attempts to breach that zone. This historical resistance adds weight to the idea that the upper end of the 153.00 range will hold firm.
Therefore, a practical approach would be to sell out-of-the-money call options with strike prices above 153.00 and put options with strikes below 149.50. By selecting expirations in late November or early December 2025, we can capitalize on time decay if the pair remains range-bound as anticipated. The main risk to this strategy would be a surprise policy announcement from either central bank.
