The U.S. dollar to Japanese yen exchange rate is currently at 142.658. It is expected to continue to rise and is likely to surpass the level of 143.20, according to UOB.

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USDJPY Chart by TradingView

Steady gains look on the cards for USD/JPY once it clears the 143.20 level, suggest Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia at UOB.

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