• USD/JPY eased slightly on Thursday as renewed conflict between the US and Iran kept investors cautious.
• The United States military confirmed that it carried out a second consecutive day of strikes against targets in Iran, marking a further escalation in hostilities between the two countries.
• In response, Tehran warned that it was preparing a large-scale retaliatory operation targeting U.S. military bases throughout the region.
• Meanwhile, speculation over possible Japanese foreign exchange intervention remains in the background
• Authorities have previously acted to support the yen when excessive dollar strength threatened market stability, meaning traders remain cautious about pushing USD/JPY significantly higher.
Immediate resistance is located at 162.80(23.6%fib), any close above will push the pair towards 163.43(Higher BB).
• Support is seen at 161.51(SMA 20) and break below could take the pair towards 161.24(38.2%fib).
Recommendation: Good to buy around 162.10, with stop loss of 160.60 and target price of 162.80


FxWirePro- Woodies pivot (Major)
FxWirePro: USD/CNY hits one week high, outlook bullish
Bitcoin Pulls Back as US-Iran Tensions Stir Fresh Risk-Off Pressure
FxWirePro: GBP/AUD steadies around 1.9320,retains bid tone
FxWirePro: GBP/USD gains some momentum as dollar weakens following US-Iran tensions flare up
FxWirePro: GBP/NZD eases slightly but outlook is bullish
FxWirePro: EUR/AUD trades flat but outlook is bullish
USD/ZAR advances as rising Middle East tensions weigh on rand
FxWirePro: USD/ZAR edges higher as South African rand softens after foreign reserves fall
AUDJPY Stuck in Tight Range – Time to Sell Rallies Toward 110?
EURUSD Weakens as US-Iran Ceasefire Collapses – Sell Rallies?
FxWirePro: USD/CAD dips contained, bias still leans higher
GBP/JPY Hits Nine-Week High as Pound Strength Extends Broadly
FxWirePro- Major Pair levels and bias summary
FxWirePro: AUD/USD dip buyers offset broader risk aversion
NZDJPY Turns Bullish After RBNZ Pause – Buy Dips Toward 95? 



