02 Jun 2026
USD/JPY MARKET UPDATE 📊
Bias: Bullish (Consolidation)
USD/JPY continues to trade near a 1-month high around 159.70, as USD strength and geopolitical tensions keep supporting the pair.
However, upside momentum is slightly capped due to:
Possible Japanese intervention risk near 160.00
Mild USD pullback pressure
📈 Key Levels:
Resistance: 160.70 / 160.00
Support: 159.50 / 158.50 / 157.90
💡 Market Insight:
Overall structure remains bullish while price holds above 159.00, but traders should watch for intervention volatility near 160 zone.
⚠️ Note: Expect sharp moves if 160.00 is broken or defended strongly.
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