As we see from our previous chart, 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 | 162.10-40 | 163.80 |
| LEVEL2 | 160.50-70 | 165.50 |
| LEVEL3 | 158.00-50 | 167.00 |