• USD/JPY steadied on Thursday as traders were cautious on further intervention from Japanese authorities amid persistent Yen weakness.
•Japan and the U.S. recently coordinated a rare yen-buying intervention as authorities sought to curb extreme fluctuations in the Japanese currency.
• The yen has struggled to gain momentum even after subdued US inflation data reduced pressure on the Federal Reserve to raise interest rates in the near term.
•On the data front, Japan's annual wholesale inflation remained elevatedin July, data showed on Thursday, highlighting broadening price pressures and reinforcing market expectations of an interest rate hike in September.
• Japan's annual wholesale inflation remained elevatedin July, data showed on Thursday, highlighting broadening price pressures and reinforcing market expectations of an interest rate hike in September..
• Immediate resistance is located at 159.59(50%fib), any close above will push the pair towards 160.70(SMA 20).
• Support is seen at 158.57 (Aug 12th low) and break below could take the pair towards 157.61(38.2%fib).
Recommendation: Good to buy around 159.30, with stop loss of 158.40 and target price of 160.00


FxWirePro: EUR/AUD bears maintain upper hand
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD gains some upside momentum, but outlook is bearish
FxWirePro:EUR/NZD gains slightly as ranges remain tight ahead U.S. inflation report
FxWirePro: NZD/USD slips as geopolitical and domestic political risks weigh
FxWirePro: USD/ZAR eyes downside as dollar eases after US CPI data
FxWirePro- Major Crypto levels and bias summary
Major Pair Currency Score: GBPUSD and AUDUSD Extremely Bullish at 100, USDCAD Extremely Bearish at -100 – Key Major Levels to Watch
FxWirePro: AUD/USD drifts back to familiar territory post-US CPI
FxWirePro: USD/ZAR edges higher after weak SA jobs and manufacturing data
FxWirePro: USD/CAD firms slightly, but downward resumption looks likely
NZDJPY Bullish Consolidation: Buy Dips Near 93 with Targets at 95 as All EMAs Align Strongly Bullish
FxWirePro: USD/CAD hits two-month low as oil prices rise
FxWirePro: GBP/USD trades sideways as markets await U.S. inflation and UK GDP data
FxWirePro: NZD/USD drifts lower as markets await US inflation data
FxWirePro: GBP/USD gives up gains as traders await UK GDP 



