The Yen gave back some of its recent advance that was triggered by US and Japanese intervention.
As we see over the chart, we could see wide range of trading, first between 155.00 and the resistance of 158.05, as the market demands a rebound.
As long as the market remains below 160.85, the drop scenario could return.
When the Bank of Japan began the Intervention, the peak was around 163.97 which could sustain as resistance.
If the Yen retreats again, traders could expect another Intervention.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 155.00 | 158.05 |
| LEVEL2 | 152.10-30 | 160.85 |
| LEVEL3 | 145.00 | 163.80 |