USDJPYUS Dollar / Japanese Yen
159.24
-0.20%
SUPPORT:158.68158.13
RESISTANCE:159.8160.35
Past
What happened
USD/JPY slipped to 159.24 (-0.20%) as the dollar lost some Iran-premium overnight, but the pair stayed pinned near intervention-watch territory. Yen failed to capitalize on lower US yields.
Why
Why it matters
The carry is still doing the work — even with US10Y at 4.46% (-0.58%), the differential vs JGBs keeps shorts on the back foot. Only MoF intervention or a Fed-pivot signal breaks this.
Watch
What to watch
BoJ summary of opinions Friday; any hawkish hint accelerates yen recovery. 160.00 is the line that triggers verbal intervention rhetoric. Downside support 158.50 then 157.80.
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