#yenpasses160perdollartoonemonthlow 🚨 THE YEN SURPASSES ¥160 PER DOLLAR — MINIMUM OF 1 MONTH! 🇯🇵💴
USD/JPY has broken above the 160 level, putting the Japanese yen under renewed pressure. The move comes after the US dollar strengthened on new expectations of rate hikes from the Fed.
📊 Current setup
• USD/JPY: around 160.15–160.20
• Resistance: 160.30–160.50
• Support: 159.70 → 159.50
• Momentum: bullish in the short term, but the pair is overbought.
🎯 Possible scenarios
🟢 Above 160.30 → possible move toward 161.00–163.00
🔴 Rejection below 160 → possible pullback toward 159.50–158.00
⏱️ Trade timing: it’s better to wait for confirmation around 160 rather than chase the breakout. The 160+ zone carries a significant risk of BOJ intervention, so volatility could spike quickly. Japan has already spent a record amount supporting the yen.
💰 Profit: depends on your position size and entry. For example, a move from 160.00 → 161.00 = 100 pips in USD/JPY. Your real profit depends on your lot size.
⚠️ Not financial advice. Use a stop-loss and manage your risk.
#USDJPY #JPY #Yen
USD/JPY has broken above the 160 level, putting the Japanese yen under renewed pressure. The move comes after the US dollar strengthened on new expectations of rate hikes from the Fed.
📊 Current setup
• USD/JPY: around 160.15–160.20
• Resistance: 160.30–160.50
• Support: 159.70 → 159.50
• Momentum: bullish in the short term, but the pair is overbought.
🎯 Possible scenarios
🟢 Above 160.30 → possible move toward 161.00–163.00
🔴 Rejection below 160 → possible pullback toward 159.50–158.00
⏱️ Trade timing: it’s better to wait for confirmation around 160 rather than chase the breakout. The 160+ zone carries a significant risk of BOJ intervention, so volatility could spike quickly. Japan has already spent a record amount supporting the yen.
💰 Profit: depends on your position size and entry. For example, a move from 160.00 → 161.00 = 100 pips in USD/JPY. Your real profit depends on your lot size.
⚠️ Not financial advice. Use a stop-loss and manage your risk.
#USDJPY #JPY #Yen
