USD/JPY Price Analysis: Steady below 150.00, capped by Japanese intervention threats

USD/JPY trades steadily around 149.70, a slight gain of 0.14%.
Concerns about potential intervention by Japanese authorities cap the upside.
Rising US Treasury bond yields provide support to the pair.

Christian Borjon Valencia FXStreet

The USD/JPY remains steady at around 149.70, capped on the upside by fears of intervention threats by Japanese authorities. the rise in US Treasury bond yields underpinned the major, though it remains exchanging hands below the 150.00 figure, with minuscule gains of 0.14%.

The pair is consolidated within the 149.00/150.00 mark, unable to break below/above the range decisively. Nevertheless, if USD/JPY aims above 150.00, the next resistance would be the 150.16 year-to-date (YTD) high, followed by the latest year high at 151.94.

Conversely, if USD/JPY drops below 149.00, first support would emerge at the Kijun-Sen line at 148.29. If the pair slides below that level, October 3, swing low at 147.37, would be up next.

USD/JPY Price Action – Daily chart

USD/JPY Key Technical Levels

USD/JPY

Overview
Today last price	149.73
Today Daily Change	0.22
Today Daily Change %	0.15
Today daily open	149.51

Trends
Daily SMA20	148.98
Daily SMA50	147.32
Daily SMA100	144.32
Daily SMA200	138.96

Levels
Previous Daily High	149.76
Previous Daily Low	149.36
Previous Weekly High	149.83
Previous Weekly Low	148.16
Previous Monthly High	149.71
Previous Monthly Low	144.44
Daily Fibonacci 38.2%	149.52
Daily Fibonacci 61.8%	149.61
Daily Pivot Point S1	149.33
Daily Pivot Point S2	149.14
Daily Pivot Point S3	148.93
Daily Pivot Point R1	149.73
Daily Pivot Point R2	149.95
Daily Pivot Point R3	150.13

Author

Christian Borjon Valencia

FXStreet

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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