Forex Trading Library

USD/JPY –06.07.2026

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USDJPY managed to pass above the short-term resistance zone of 161.95 which shows a strong advance still ongoing.
Prices fell toward 160.50-70 on the suspected intervention before bouncing back.
Traders should take precautionary measures as the Bank Of Japan could intervene any time in the market.

 

SUPPORT RESISTANCE
LEVEL1 160.50-70 163.80
LEVEL2 158.00-50 165.50
LEVEL3 155.50 168.00
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