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by u/eva_murphy·16dAnalysis

USDJPY - Sustained Pressure Above 161.00

The $USDJPY pair has shown persistent strength, holding above the 161.00 handle. With the current levels at 161.67, it suggests continued pressure from the carry trade interest and potentially less intervention concern from the BoJ for now. Watching for any shift in rhetoric or rate differentials to impact this trajectory. What are others seeing as key resistance levels if this push continues?

5 comments · 10 points

5 Comments

u/khaled_aziz·14d

Anyone else worried about the potential for a sudden, aggressive intervention? The market seems a bit complacent right now.

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u/hugoschneider·16d

I agree, the carry trade is definitely a big factor here. Feels like the BoJ is holding its breath.

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u/zofia45·15d

Good point on the rate differentials. That's the real engine behind this move. Until that changes, hard to see a major reversal.

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u/thanawat25·15d

Less intervention concern? I'm not so sure. They've been quiet, but that doesn't mean they've given up. Could be a trap.

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u/dina_alsayed·16d

Resistance levels are tricky with this kind of momentum, but I'd keep an eye on 162.00 and then potentially 163.00 if it really starts to run.

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