Outlook: Cautiously Bearish
Time Horizon: 1 Day
- Yen strengthened following comments from Japan’s Finance Minister signaling readiness to counter speculative FX moves.
- Potential intervention via USD sales and increased JGB purchases represents a credible policy backstop.
- Comments triggered broad USD weakness across spot FX markets.
Key Levels:
Support: 154.62 | Resistance: 158.23
Investor Takeaway:
Policy signaling alone has materially shifted positioning. Upside in USD/JPY may be capped near resistance unless US yields reaccelerate.
