Hawkish Fed repricing is pushing US yields sharply higher, but Japan’s intervention threat is holding USD/JPY back as it nears 160. A decisive break above 159.02 would strengthen the bullish case, yet the path higher faces more resistance than the US rate backdrop alone suggests.
The post USD/JPY Eyes 159 Breakout as Fed Repricing Meets Japan’s Intervention Threat Near 160 appeared first on ActionForex.
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Key Highlights WTI Crude Oil started a fresh decline below $92.00 and $90.00. A bearish trend line is forming with resistance at $87.50 on the 4-hour chart of XTI/USD. Gold prices started a consolidation phase Read more…
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