The USD/JPY is flat late in the North American session as US Treasury yields fell.
USD/JPY remains flat as US Treasury yields tumble. Technical outlook shows upward bias with bullish RSI, but risks persist due to potential Japanese intervention. Key resistance levels: psychological 160.00 mark, YTD high at 160.32, further gains at 160.50 and 161.00. Key support levels: day's low at 158.75, Tenkan-Sen at 157.82, Senkou Span A at 157.53, and Kijun-Sen at 157.24. Intervention threats by Japanese authorities refrained traders from pushing the exchange rate above 160.00.
00 mark, the next resistance level would be the year-to-date high of 160.32. Further gains are anticipated above 160.50 and at 161.00. Conversely, if USD/JPY drops below the day's low of 158.75, it could pave the way for testing key support levels. The next support would be the Tenkan-Sen at 157.82, followed by the Senkou Span A at 157.53, and then the Kijun-Sen at 157.24. USD/JPY Price Action – Daily Chart USD/JPY Overview Today last price 159.63 Today Daily Change 0.
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