MARKETS05:09 UTC18h ago 1 min readSource: FXStreet

USD/JPY Price Forecast: Bounces off one-week low, defends trading range support near 158.25

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USD/JPY Price Forecast: Bounces off one-week low, defends trading range support near 158.25
Image via FXStreet

The USD/JPY cross attracts fresh sellers following the previous day's modest rise and drops to over a one-week low, around the 158.25 region during the Asian session on Thursday.

AI Executive Brief
  • / USD/JPY dropped to a one-week low around 158.25 during the Asian session on Thursday.
  • / The currency pair attracted fresh sellers after a modest rise the previous day.
  • / The support level near 158.25 is defended, keeping the pair within its trading range.

AI-generated summary for informational purposes. Verify with original source.