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USD/JPY may grind higher toward 159.05 on yield gap

UOB notes USD/JPY continues to grind higher as wide US-Japan yield differentials weigh on the Japanese Yen, with the pair expected to hold within 158.20-158.80 intraday.

Original · FXStreet AI summary of public reporting

Why: Wide US-Japan yield differentials weigh on JPY

JPY

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At publication → Current
JPY158.07 → 158.32+0.2%
USD/JPY may grind higher toward 159.05 on yield gap | SignalHub