[Outlook] New York FX outlook: USD/JPY to remain firm, but upside likely to remain limited in the ¥160 range

The story

USD/JPY is generally expected to remain firm, with sharp directional moves likely to be avoided.

However, there are still factors limiting further upside from current levels, and USD/JPY is reportedly expected to continue trading in the ¥160 range.

Market participants point out that the pair could move depending on developments during the upcoming trading hours, and that attention should be paid to movements during overseas trading hours.

At a glance

StatusUSD/JPY is expected to remain firm

LevelsUpside is expected to remain limited in the ¥160 range

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