• USD/JPY extended gains on Thursday as yen continued to tumble on bets that Japan would not immediately step in to stem its weakness.
• Finance Minister Satsuki Katayama stated that discussions on foreign exchange did not take place during her meeting with Bank of Japan Governor Kazuo Ueda.
• The yen has dropped roughly 6% since Prime Minister Sanae Takaichi became party leader, despite rising Japanese yields, as investors remain concerned about the magnitude of borrowing required to finance her stimulus initiatives.
• Market participants anticipate intervention by Japanese authorities near the 160 yen level or in response to any sudden market swings.
• Immediate resistance is located at 157.51 (23.6%fib), any close above will push the pair towards 158.29 (Higher BB).
• Support is seen at 155.34(38.2%fib) and break below could take the pair towards 154.23 (SMA 20)
Recommendation: Good to buy around 157.40, with stop loss of 156.00 and target price of 158.50


FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/JPY holds range near 160 as intervention risks loom
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies Pivot(Major)
Aussie Ascent: AUDJPY Reclaims 110.00 as Bullish Momentum Ignites
FxWirePro- Woodies Pivot(Major)
Bitcoin Resilience: BTC Reclaims USD 69,000 as Geopolitical Tensions Ease
FxWirePro: EUR/AUD eases slightly but trend is still bullish
FxWirePro: AUD/USD recovers slightly from early decline but bears are not done yet
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/ NZD consolidating around 2.0200, room for further gains
FxWirePro: GBP/NZD edges up, remains on front foot
FxWirePro: EUR/ NZD consolidating around 2.0180 room for further gains
FxWirePro- Major European Indices 



