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USD/JPY –04.08.2026

  

USD/JPY –04.08.2026

The yen gave back some of its recent advance that was triggered by US and Japanese intervention.

As we see over the chart, we may see wide range of trading first between 155.00 and resistance 158.05 while market demanding farther rebound

As long as market kept trades below 160.85 the drop scenario may back

While bank of Japan starts the Intervention this time while the peak was around 163.97 which will sustain as resistance

If Yen back to retreat again Market may expect another Intervention

 

SUPPORT RESISTANCE
LEVEL1 155.00 158.05
LEVEL2 152.10-30 160.85
LEVEL3 145.00 163.80

The post USD/JPY –04.08.2026 appeared first on Orbex Forex Trading Blog.

   

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