USDJPY managed to resume the advance to close from the resistance at 160.85.
If prices remain below this resistance, a drop towards 159.10 and 158.00 is likely.
Above 160.85 more advance is expected as traders need to have some of protection against more possible Intervention from the BOJ.
Starting from resistance 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 | 159.10 | 160.85 |
| LEVEL2 | 158.00 | 161.90 |
| LEVEL3 | 156.75 | 163.80 |