USD/JPY nears 160 as Trump hints at nuclear war
Hormuz deadline and US CPI risks continue to dominate market sentiment, keeping dollar pairs, commodities, and equities highly reactive. Key scenarios include bullish breakout risks across crude oil and the US Dollar Index (DXY), as both hold near critical resistance levels ahead of the 8 PM Eastern Time deadline set by President Trump for Iran to reopen the Strait of Hormuz and agree to negotiations within a ceasefire framework.
USD/JPY Price Forecast: Ascending 20-day EMA supports more upside
The pair dropped towards the target and support of 157.25-65 and managed to rebound again. The market is still holding a trading zone with resistances around 160.20 and 161.95, where each resistance could lead to a correction toward the 157.25-65 zone.
Japanese Yen slides after soft Household Spending data; USD/JPY eyes 160.00 mark
Markets are leaning heavily towards another TACO, and EUR/USD and USD/JPY sit at the centre of that view. Both the euro and yen are weakening despite multiple hikes being priced for the ECB and BOJ, reflecting their exposure to energy supply risks.
USD/JPY steady near 160.00 as weak ISM data offsets geopolitical bid
The American currency is moving lower as demand for safe-haven assets declines despite rising tensions in the Middle East.
It's a big week for US data as we get U.S. inflation data that will probably start to show the initial impacts of higher oil prices. Core PCE is released on Thursday and then CPI a day later, with headline CPI expected to have jumped to 3.3% from last month's 2.4% print.
USD/JPY eases as US-Iran ceasefire talks weigh on US Dollar, ISM PMI softens
The pair dropped towards the target and support of 157.25-65 and managed to rebound again. The market is still holding a trading zone with resistances around 160.20 and 161.95, where each resistance could lead to a correction toward the 157.25-65 zone.
Our intraday forex analysis includes USDJPY analysis, USOIL, and SPX 500, highlighting key support and resistance levels for each pair. USDJPY hitting firm resistance Our USDJPY analysis shows The Japanese yen gained traction after hitting a double top towards the 160.00 level.