The USD/JPY climbs to a four-week high yet it remains capped by intervention threats by Japanese authorities.
USD/JPY rises to 157.67, driven by Federal Reserve's commitment to higher rates. Technical indicators show strong bullish momentum, with key resistance at 158.00. Intervention threats by Japanese authorities keep buyers cautious as pair advances. Federal Reserve officials' tough stance on monetary policy, which was set to keep rates higher for longer, kept the US dollar bid. Therefore, the major rises some 0.30%, trading at 157.67.
00 figure, that could pave the way for further losses. In that event, support is seen at the Kijun-Sen at 156.48, followed by the Senkou Span A at 156.25, ahead of the Tenkan-Sen at 156.05. USD/JPY Price Action – Daily Chart Japanese Yen PRICE Today The table below shows the percentage change of Japanese Yen against listed major currencies today. Japanese Yen was the strongest against the Euro. USD EUR GBP JPY CAD AUD NZD CHF USD 0.49% 0.47% 0.30% 0.48% 0.50% 0.36% 0.13% EUR -0.49% -0.02% -0.
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