0246 GMT - USD/JPY's strong momentum continues to favor upside, based on the weekly chart, says Quek Ser Leang of UOB Global Economics & Markets Research in a report. The currency pair broke above the early January 2025 high of 158.87 on Tuesday, the senior technical strategist notes. Despite the weekly relative strength index approaching its most overbought reading since July 2024, a test of 162.00 in the coming few months can't be ruled out, the strategist says. "The round-number level at 160.00 is expected to act as a significant resistance as well," he adds. USD/JPY is 0.1% higher at 159.31, LSEG data show. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
January 13, 2026 21:46 ET (02:46 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
Comments