Japanese Yen: Pressure builds near 159 against US Dollar – UOB
FXStreet
Last updated: May 18, 2026
UOB's analysts Quek Ser Leang and Lee Sue Ann maintain a positive outlook on USD/JPY, anticipating further upward movement. They suggest the pair could surpass 159.00 intraday.
- UOB's outlook on USD/JPY remains constructive despite the pair's recent advance towards 158.84.
- Intraday, analysts anticipate a push above the 159.00 level.
- However, maintaining a position above this significant barrier is considered a key factor.
- The analysis suggests that sustained trading above 159.00 would be necessary to confirm a continued upward trend.
- No specific economic data points or political events were detailed in the provided snippet as driving the current outlook.
- The assessment is based on technical levels and expected short-term price movements.
- The analysts' view is focused on the immediate trajectory of the USD/JPY exchange rate.
- Further confirmation will be sought if the pair breaches and holds above the 159.00 mark.
- The current sentiment leans towards bullish momentum for the USD/JPY pair.
