According to UOB, the USDJPY pair, currently at 146.342, has the potential to increase to 147.00 in the near future.

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USDJPY Chart by TradingView

The continuation of the upside momentum could motivate USD/JPY to challenge 147.00 and beyond in the next few weeks, according to Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group.

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