Saad Ullah
⬤ The Japanese yen's losing streak against the U.S. dollar just got worse. USD/JPY climbed to roughly 158.8—its highest level in about 18 months. According to @Barchart, the pair's been pushing steadily higher, and the yen's clearly taking a beating. We're now sitting at levels we haven't seen since mid-2024.
⬤ Look at the recent price action—it's been a pretty consistent climb over the past few months. After bouncing back from earlier drops, USD/JPY started building higher lows and eventually punched through key resistance zones. Breaking into the high-150s is a big deal, marking the yen's weakest showing against the dollar in over a year.
⬤ The 158-160 zone has always been crucial for traders watching this pair. Breaking above that consolidation area suggests the upward momentum isn't running out of steam yet. What's interesting is how controlled the volatility's been during this move—the yen's been weakening gradually, not crashing all at once.
⬤ Why does this matter? Sustained yen weakness affects global money flows and how currencies move against each other. Traders pay close attention to USD/JPY because it often signals broader shifts in market sentiment and regional financial health. With the pair now at an 18-month high, everyone's watching to see how much longer the yen can stay this weak and whether these levels will actually stick.
Saad Ullah
