USDJPY in the short term is still facing a resistance zone around 160.90-161.95 as the last time the market reached it, the Bank of Japan warned about possible intervention to support the yen.
So, the continued movement below this level could threaten a drop towards 157.00-50 and 152.00.
Above 161.95 more advance toward 163.80 and above could hit the market while exercising caution in maintaining trading activity.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 157.00-50 | 160.90-161.95 |
| LEVEL2 | 155.00 | 163.80 |
| LEVEL3 | 152.00 | 165.50 |
