Marina Lyubimova
⬤ USD/JPY has clawed its way back into the 154.45-155.00 range following a volatile week marked by intervention chatter and sharp price swings. The recovery comes after the pair tumbled on comments about potential Japanese yen intervention, which sent ripples across the entire FX market.`
⬤ The hourly chart reveals a shift in momentum. After bottoming out near the low 152s, USD/JPY started forming higher lows—a sign that selling pressure has cooled for now. Buyers stepped in above recent support, pushing price steadily back toward the mid-154s and showing renewed short-term stability even as volatility lingers.
⬤ The 154.45-155.00 zone is proving to be a critical technical battleground where price has reacted before. Holding above this level keeps the near-term bullish case alive, while losing it would open the door to renewed downside. Although the pair has recovered, 160.00 remains a major overhead resistance where USD/JPY has previously stalled.
⬤ Traders are watching this closely because USD/JPY serves as a key barometer for both dollar strength and Japanese policy action. The pattern of higher lows shows market participants are willing to defend these levels, but sensitivity to intervention headlines remains elevated. How price handles the 154.45-155.00 zone will likely set the tone for broader currency market sentiment in the coming sessions.
Marina Lyubimova
