USD/JPY surged toward R1 before retracing after Japan released a ¥21.3T stimulus package: ¥17.7T direct spending, ¥2.7T tax cuts, ¥900B special-account spending. Measures begin Jan 2026, focusing on energy subsidies, household support, and business relief.
Officials issued a direct warning: Japan will intervene if USD/JPY approaches 160, establishing a clear ceiling for the pair.
Key Levels: Support 154.616 │ Resistance 158.232
Investor Takeaway: RSI below MA with flat MACD sellers after a long uptrend; massive stimulus + explicit FX intervention lines impose a structural cap on further USD strength.