USD/JPY is drifting lower in both dollar- and yen-driven trade, with buyers stepping in near 161.50. Continuum Economics flags 161.50 as the pivot: a break below could open the way toward 160.72 and 160.00, while a close above 162.85 would revive the bullish case.
The dollar-yen pair is leaning lower, and the test below 162.00 met buying interest at 161.50 as of 13:55 BST, according to Continuum Economics. The move played out in both USD- and JPY-driven trade across the pair.
Where the levels sit
The 161.50 mark now anchors the near-term picture. Beneath it, support runs to 161.00, then 160.72 — the April 30 monthly high — and down to 160.00. A move under 161.50 could push the pair toward those lower marks.
On the way up, resistance sits at 162.50, then 162.85, the July 1 multi-year high. Above that lie 163.00 and 163.95, the December 1986 high.
Momentum turns down
Technical signals are mixed. Oversold intraday studies are unwinding, yet daily readings face pressure. Weekly stochastics, though overbought, are turning down and pointing to room for further losses in coming sessions.
The setup leaves the pair balanced on the 161.50 pivot. A close above 162.85 would strengthen the bullish view and target 163.95; a breakdown below support would confirm the lower lean.
Source: Continuum Economics (snippet-based)
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