USD/JPY rebounds sharply to 157.64, seen as overdone
USD/JPY rebounded sharply to 157.64 instead of consolidating. UOB analysts view the move as overdone and expect intraday range-trading between 156.90 and 157.80, with fading downside momentum on a 1-3 week view.
Original · FXStreet AI summary of public reporting
Why: USD/JPY sharp rebound to 157.64 → fading JPY momentum
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At publication → CurrentJPY157.77 → 157.67−0.1%