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USD/JPY Price Analysis: Hold steady below 152.00 amid intervention threats

  • USD/JPY is modestly up, reflecting a cautious market amidst higher US Treasury yields and potential for Japanese intervention.
  • Technical indicators suggest resistance at 152.00, with further targets at 153.00 and 155.00 should the major break higher.
  • A move below the Tenkan-Sen could see USD/JPY testing support levels down to 148.93, amid ongoing market vigilance.

The USD/JPY remains subdued amid speculation of possible intervention by Japanese authorities. Although US Treasury yields pushed higher during Monday’s session, with the 10-year benchmark note rate rising 11 basis points, the pair stood shy of the day’s high of 151.77. At the time of writing, the major trades at 151.63, up 0.15%.

USD/JPY Price Analysis: Technical outlook

The USD/JPY daily chart depicts the pair consolidating around the 151.00/152.00 region, with intervention threats strengthening the 152.00 mark as a first resistance level. A breach of the latter will expose the 153.00 psychological figure, ahead of 155.00.

On the other hand, if the USD/JPY pulls back below the Tenkan-Sen at 151.12, that would send the pair sliding to the Senkou Span A at 150.17, followed by the Kijun-Sen at 149.22. Further downside is seen at the Senkou Span B at 148.93.

USD/JPY Price Action – Daily Chart\

USD/JPY

Overview
Today last price151.63
Today Daily Change0.28
Today Daily Change %0.19
Today daily open151.35
 
Trends
Daily SMA20149.8
Daily SMA50149.4
Daily SMA100147.59
Daily SMA200146.88
 
Levels
Previous Daily High151.5
Previous Daily Low151.17
Previous Weekly High151.97
Previous Weekly Low151.03
Previous Monthly High151.97
Previous Monthly Low146.48
Daily Fibonacci 38.2%151.3
Daily Fibonacci 61.8%151.38
Daily Pivot Point S1151.18
Daily Pivot Point S2151.01
Daily Pivot Point S3150.86
Daily Pivot Point R1151.51
Daily Pivot Point R2151.67
Daily Pivot Point R3151.84

Author

Christian Borjon Valencia

Markets analyst, news editor, and trading instructor with over 14 years of experience across FX, commodities, US equity indices, and global macro markets.

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