USDJPY: Approaching 162 Key Resistance Amid Intervention Risks in Strong Uptrend, June 29, 2026
Over the past three trading days, USDJPY has maintained a firm upward momentum, closing yesterday at 161.787, close to a near 40-year high at the 162 level. The market mood has been shaped by a strong US dollar and the cautious stance from Japan’s Ministry of Finance regarding currency intervention. Despite pressure from falling crude oil prices affecting the dollar, USDJPY remains resilient within a consolidating range. The looming intervention threat adds a layer of uncertainty, promptin
















