Japanese Yen May Extend Decline Against US Dollar, UOB Analysts See 160.75 Target
Analysts at United Overseas Bank (UOB) have issued a new forecast suggesting the Japanese Yen could weaken further against the US Dollar, potentially reaching the 160.75 level. This outlook comes amid ongoing divergence in monetary policy between the Bank of Japan and the Federal Reserve, which continues to drive capital flows and currency valuations in the forex market.