Bitcoin 
Ethereum 
Tether 
XRP 
BNB 
USDC 
Solana 
TRON 
Lido Staked Ether 
Figure Heloc 
United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann note USD/JPY has pushed up to 159.84, validating earlier expectations for a retest of 159.65. While upward momentum is slowing, they still look for the pair to edge higher within a 159.40–160.05 intraday band.
💡 DMK Insight
USD/JPY’s rise to 159.84 is significant, but here’s why traders should be cautious: While the pair is hovering near the 159.65 level, which has been a key support, the slowing upward momentum suggests potential exhaustion. Traders should watch for a breakout above 160.05, which could signal further bullish sentiment. However, if the price retraces below 159.40, it could trigger selling pressure, indicating a shift in market sentiment. This scenario is particularly relevant given the broader context of the USD’s strength against other currencies, which could impact correlated assets like JPY crosses. Keep an eye on economic indicators, especially any news from the U.S. that might influence the dollar’s trajectory. The real story is that while the upward trend seems intact for now, volatility could spike if we see a reversal, so managing risk is crucial right now.
📮 Takeaway
Watch for USD/JPY to break above 160.05 for bullish continuation, but be ready to react if it falls below 159.40.
