The USDJPY pair, currently trading at 149.103, may experience additional gains which could lead to a retest of the 149.50 level, according to UOB.

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USDJPY Chart by TradingView

The continuation of the upside momentum could push USD/JPY to the 149.50 zone in the next few weeks, according to UOB Group’s Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia.

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