NYLE_TRADER

#yenpasses160perdollartoonemonthlow 🚨 YEN PASSES ¥160 PER DOLLAR — 1-MONTH LOW! 🇯🇵💴 USD/JPY has moved above the 160 level, putting the Japanese yen under renewed pressure. The move comes as the U.S. dollar strengthened after fresh Fed rate-hike expectations. 📊 Current Setup • USD/JPY: around 160.15–160.20 • Resistance: 160.30–160.50 • Support: 159.70 → 159.50 • Momentum: Short-term bullish, but the pair is becoming overbought. 🎯 Possible Scenarios 🟢 Above 160.30 → potential move toward 161.00–163.00 🔴 Rejection below 160 → possible pullback toward 159.50–158.00 ⏱️ Trade timing: Better to wait for confirmation around 160 rather than chase the breakout. The 160+ area carries significant BOJ intervention risk, so volatility can spike quickly. Japan has already spent a record amount supporting the yen. 💰 Profit: It depends on your position size and entry. For example, a move from 160.00 → 161.00 = 100 pips on USD/JPY. Your actual profit depends on your lot size. ⚠️ Not financial advice. Use a stop-loss and manage risk. #USDJPY #JPY #Yen #Forex $USDC $JPY.ETF