USD/JPY Market Breakdown – What You Need to Know
Overall Sentiment: MIXED (Short-Term Bullish Lean
CRITICAL – Why Dollar is Winning (For Now)
🔹 U.S. Treasury Yields Rising
– Main reason USD/JPY is pushing higher
– Dollar gaining strength across the board
– Supports carry-trade demand for the pair
🔹 Technical Support Holding Strong
– 156.10 – 156.20 zone defended multiple times
– Buyers stepping in at this level
– Next targets: 156.95 → 157.30
SECONDARY – Why Yen Could Fight Back
🔹 Bank of Japan Turning Hawkish
– BoJ signaling policy normalization
– Rate gap between US & Japan narrowing
– Medium-term BEARISH signal for USD/JPY
🔹 Japan Services PMI
– Wages & prices still rising
– Keeps BoJ on hawkish path
– Structural pressure building against USD/JPY
🎯 Key Levels to Watch:
– Support: 156.10 – 156.20
– Resistance: 156.95 – 157.30
