USDJPY

USD/JPY is showing a continuation breakout despite intervention risks and the short-term pullbacks, holding firmly near the key pivot level of 160, indicating strength in the ongoing trend.

Key Indicators

The currency pair is consolidating above the daily 100/200 SMA

Momentum indicators remain positive.

Fundamental Context

USD/JPY continues to flirt below the 160 level, where traders are speculating about BOJ intervention. Meanwhile, the policy gap between the Fed and the BoJ grows wider.