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      USDJPY Surges Past Key Resistance Levels

      The USDJPY currency pair has surged above its 100-day moving average, reaching a high of 160.15. This movement follows a significant rise in U.S. Treasury yields and hawkish remarks from Federal Reserve Chair Jerome Powell, which have bolstered the dollar against the yen. The two-year yield increased by nearly 11 basis points to 4.34%, while the 10-year yield rose by 5.2 basis points to 4.724%.

      In addition to surpassing the 100-day moving average at 159.994, the USDJPY has broken through other critical resistance levels, including the 50% retracement of the decline from the 40-year high of 163.98 at 159.599 and the August corrective high at 159.23. These technical advancements indicate strong buyer control in the market.

      Looking ahead, the next resistance targets for the USDJPY are set between 160.446 and 160.864, which includes the July 3 low and the 61.8% retracement level. A sustained move above this range could further enhance the bullish outlook for the pair, potentially leading towards the 2026 high of 163.98. For the time being, maintaining levels above 159.994 and 160.00 will be crucial for buyers to retain their momentum.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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