Trading Insights

USD/JPY

BoJ Suppression Masks Persistent Structural Divergence

USD/JPY maintains a cautiously bearish bias as Japanese authorities continue to suppress excessive moves through market operations. Despite this, structural divergence between the US and Japan remains unresolved. Japan’s strategy of monetizing USD reserves may temporarily stabilize finances, but sustained US growth risks keeping the pair elevated longer-term.

Key Levels: Support at 154.6 | Resistance at 158.2

Investor Takeaway: RSI below MA and trending lower with flat MACD selling pressure; policy intervention caps upside, but structural divergence prevents sustained downside.

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