• 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


GBPJPY Bullish Surge: Strong Pound Ignites Fresh Upside on Fed-BOE Policy Divergence as All EMAs Align
ETH Stands Alone Bullish; BTC, SOL, XRP, BNB Neutral
FxWirePro- Woodies pivot (Major)
JPY Action Bias: Extremely Bullish Surge Ignites Across NZD, GBP & AUD
GBPUSD, AUDUSD & NZDUSD Turn Extremely Bullish: Strong Positive Momentum Drives Major Pair Action Bias
FxWirePro: GBP/NZD gains some upside momentum but still bearish
FxWirePro- Major Pair levels and bias summary
AUDJPY Bullish Surge: Strong Australian Dollar Fuels Fresh Upside as Pair Holds Above 113.50 and All EMAs Align
FxWirePro: USD/JPY uptrend loses steam, remains on bullish path
Major Pair Action Bias: Extremely Bullish Surge Powers GBPUSD & NZDUSD as Bullish Momentum Ignites
FxWirePro:EUR/NZD dips below lower range, bearish bias increases
FxWirePro :USD/JPY bulls loosen their grip a bit, dips to be bought
Crypto Major Pair Action Bias: ETHUSD Bullish as BTCUSD, SOLUSD & XRPUSD Stay Neutral
EUR/USD Holds Bullish Tone Despite Pullback from Yesterday’s High 



