USD/JPY reaches daily high above 158.00, trading above key moving averages. Technical indicators show bullish momentum, with resistance at 158.25 and 158.44. Key support levels include 157.00, Senkou Span A at 156.16, and Kijun-Sen at 155.93. Fears that Japanese authorities could intervene in the FX space keep the pair within familiar levels, trading at 157.85 at the time of writing.
If those levels are cleared, the year-to-date high of 160.32 would be next. Conversely, sellers can challenge key support levels if USD/JPY drops below 157.00. The first one would be the Senkou Span A at 156.16, followed by the Kijun-Sen at 155.93. The next demand area would be the Senkou Span B at 155.52. USD/JPY Price Action – Daily Chart USD/JPY Overview Today last price 157.84 Today Daily Change 0.12 Today Daily Change % 0.08 Today daily open 157.72 Trends Daily SMA20 156.76 Daily SMA50 155.
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