USDJPYUS Dollar / Japanese Yen
158.60
+0.47%
SUPPORT:157.8156.2
RESISTANCE:159.4160.99
Past
What happened
USD/JPY pushed to 158.60 (+74 pips) as US 10-year yields surged to 4.56% on the PPI miss, pulling capital back into dollars and resetting the carry trade in dollar-yen's favor.
Why
Why it matters
The yen is the cleanest proxy for US real yields right now; with PPI re-igniting term premium and the BoJ still gradualist, the rate gap is widening again — exactly what intervention talk feeds on.
Watch
What to watch
160.00 is the MoF/BOJ red zone — verbal warnings should escalate above 159.50. Below, 157.50 is first support. Any sudden retracement in 10s also caps the move.
HEADLINES
- Why a Plunging Dollar Is Missing Out on the Relief RallyBarrons.com
- How Markets Reacted to Trump's Iran Post, in ChartsThe Wall Street Journal
- The Dollar Isn’t Done. Why It’s Outshining Rivals Amid Iran Crisis.Barrons.com