The US Dollar (USD) is expected to trade in a range between 146.00 and 147.40 in the near term, according to UOB Group FX analysts. While the USD has gained momentum, there are signs of slowing momentum that may limit further upside.

Key Points:

• Short-Term Forecast: The USD/JPY pair is likely to trade within a range of 146.00 to 147.40.
• Upside Potential: The USD could rise further to 148.00 if it maintains above the 144.80 support level.
• Momentum: Overbought conditions and slowing momentum suggest that further upside may be limited in the short term.

Overall Outlook:

The USD/JPY pair is expected to remain in a rangebound trading environment, with potential for upside movement if it can maintain above key support levels.