• USD/JPY extended gains on Thursday as yen continued to tumble on bets that Japan would not immediately step in to stem its weakness.
• Finance Minister Satsuki Katayama stated that discussions on foreign exchange did not take place during her meeting with Bank of Japan Governor Kazuo Ueda.
• The yen has dropped roughly 6% since Prime Minister Sanae Takaichi became party leader, despite rising Japanese yields, as investors remain concerned about the magnitude of borrowing required to finance her stimulus initiatives.
• Market participants anticipate intervention by Japanese authorities near the 160 yen level or in response to any sudden market swings.
• Immediate resistance is located at 157.51 (23.6%fib), any close above will push the pair towards 158.29 (Higher BB).
• Support is seen at 155.34(38.2%fib) and break below could take the pair towards 154.23 (SMA 20)
Recommendation: Good to buy around 157.40, with stop loss of 156.00 and target price of 158.50


FxWirePro: GBP/NZD uptrend loses steam, remains on bearish path
FxWirePro- Major Pair levels and bias summary
FxWirePro: AUD/USD hits three-month peak,scope for futher upside
FxWirePro: USD/CNY dips as dollar weakens on US-Iran escalation
AUD/JPY: Bullish Momentum Continues in JPY Major Pairs
FxWirePro: USD/CNY hovers around 3-1/2 years low, Outlook bearish
EURUSD Trades Flat Amidst NFP Revision and Jackson Hole Ahead; Technicals Suggest Buying Opportunity
FxWirePro: EUR/AUD outlook weaker on renewed downside pressure
FxWirePro: NZD/USD edges higher ahead of Jackson hole warsh speech
FxWirePro: NZD/USD edges higher ahead of RBNZ decision
FxWirePro: USD/JPY dips as Yen firms on BOJ rate-hike bets
FxWirePro:EUR/NZD bears maintain upper hand
FxWirePro: USD/CAD rises above 1.3900 level after Warsh's Jackson hole speech
FxWirePro: GBP/USD slips lower as dollar firms after Warsh comments
FxWirePro: USD/ZAR bears maintain upper hand
AUDJPY Surges to One-Month High on Australian Dollar Strength 



