The Yen gave back some of its recent advance that was triggered by US and Japanese intervention. The pair printed above the 158.05 resistance which indicated a wider range for rebound towards the 160.85 resistance.
USD/JPY faces rejection at 0.5 Arc – Potential decline toward 158.66
USDJPY trying to recover The dollar kept the pressure on the yen as prices try to recover the 500 pips caused by the intervention of the Bank of Japan. The pair has risen over 200 pips in recent sessions.
USD/JPY Price Forecast: Bulls cautious below 159.50, 50% Fibo. caps upside on soft USD
The US Dollar started a decent recovery above 156.00 against the Japanese Yen. USD/JPY climbed above 157.20 to move into a short-term positive zone.
Much of the chatter over the past week has centred on the downside surprise in US non-farm payrolls, the soft US CPI report and the undershoot in PPI overnight, which has seen Fed rate hike pricing pared over the next year.
USD/JPY fell dramatically two weeks ago as dual intervention drove a sell-off in the pair, but since then bulls have been cla.
The American currency is losing some ground as PPI was unchanged in July.
USD/JPY Price Forecast: Capped below the 50% retracement of July's plunge, at 159.50
USD/JPY is holding its rebound near the 160 level, testing the possibility of reclaiming its 2026 uptrend as the US Dollar Index maintains its broader bullish structure.
USD/JPY rose to 159.53 on Thursday, returning towards the 160.00 area as the Japanese yen weakened. The move has kept markets on alert for possible further intervention by the authorities amid persistent currency weakness.
USD/JPY in positive territory: Yen gives back intervention gains