USDJPY in the short term is still facing a resistance zone around 160.90-161.95 as the last time the market reached it, the Bank of Japan warned about possible intervention to support the yen. While the Japan Finance Minister Katayama announced today that they are ready to take strong action on speculative forex moves.
As USD/JPY marched crept closer to 2024's 38-year highs, traders knew they were entering territory where Tokyo becomes increasingly uncomfortable. That sensitivity was evident when Japan's Finance Minister Satsuki Katayama revealed she had held talks with U.S. Treasury Secretary Scott Bessent.
The USD continues to fight all others, as we are still being driven by the latest headlines coming out of the Middle East.
USDJPY in the short term is still facing a resistance zone around 160.90-161.95 as the last time the market reached it, the Bank of Japan warned about possible intervention to support the yen. While the Japan Finance Minister Katayama announced today that they are ready to take strong action on speculative forex moves.
Dollar breakout risks remain in focus as the US Dollar Index (DXY) approaches the critical 101 level, USDJPY holds above 161, and GBPUSD trades below a key multi-month support zone.
Before weekly trading began, markets reacted to the announcement that the U.S. and Iran had reached a framework deal to end the conflict. The reopening of the Strait of Hormuz and the easing of sanctions, allowing Iran to resume oil exports, pushed WTI sharply lower at the start of the week and helped lift equity markets.
USDJPY, EURJPY and GBPJPY remain exposed to further volatility as yen weakness persists, while the BOJ's slow tightening path keeps the rate gap wide against the Fed, ECB and BoE.
The American currency pulled back from yearly highs amid profit-taking.
USDJPY in the short term is still facing a resistance zone around 160.90-161.95 as the last time the market reached it, the Bank of Japan warned about possible intervention to support the yen. While the Japan Finance Minister Katayama announced today that they are ready to take strong action on speculative forex moves.
USDJPY is consolidating above 161 level on Friday after Thursday's fresh acceleration higher hit 161.80, just ticks under a four-decade peak at 161.95, posted in June 2024.
Intraday analysis covering USDJPY Analysis, AUDUSD, and NAS 100, highlighting recent price movements, key technical levels, and short-term momentum shifts across major markets. USDJPY soaring higher USDJPY analysis shows The US dollar continues its bull run after breaking the previous 160.60 resistance level.
Chart Analysis USD/JPY - 2026-06-19 07:06