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USD/JPY –10.08.2026

  

USD/JPY –10.08.2026

 

The Yen gave back some of its recent advance that was triggered by US and Japanese intervention.
The pair printed above the 158.05 resistance which indicated a wider range for rebound towards the 160.85 resistance.
Starting from the 160.85 resistance, the drop scenario could return.
When the Bank of Japan began the Intervention, the peak was around 163.97 which could sustain as resistance.
If the Yen retreats again, traders could expect another Intervention.

SUPPORT RESISTANCE
LEVEL1 156.30 158.60
LEVEL2 155.00 160.85
LEVEL3 152.10-30 163.85

The post USD/JPY –10.08.2026 appeared first on Orbex Forex Trading Blog.

   

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