• USD/JPY strengthened on Monday as yen weakened on growing concerns that Japanese authorities may intervene to stabilize the currency.
• Leading Japanese financial officials voiced their concerns on Friday, saying that the government is concerned about recent changes in the value of the currency and is prepared to step in if speculative trading is deemed excessive.
• Japan last intervened in the currency markets in July, conducting a yen-buying operation to support the currency after it plunged to a 38-year low below 161 per dollar.
• At GMT 07.53,the dollar was up 0.23% at 156.71 against Japanese yen .
• Immediate resistance is located at 157.22 (Higher BB), any close above will push the pair towards 158.10 (23.6%fib).
• Support is seen at 156.19 (38.2%fib) and break below could take the pair towards 155.00(Psychological level ).
Recommendation: Good to buy around 156.50, with stop loss of 155.70 and target price of 158.50


FxWirePro- Major Crypto levels and bias summary
Ethereum Joins the Rally: ETH Reclaims USD 2,100 Following Bitcoin's Lead
Aussie Ascent: AUDJPY Reclaims 110.00 as Bullish Momentum Ignites
Aussie Ascent: AUDJPY Charges Toward 112 as Bullish Momentum Hits Five-Day High
EUR/JPY Breaks Out: Euro Surges Past 185.00 Resistance Amid Strong Bullish Momentum
Bitcoin's Tug-of-War: Bulls Eye 80,000 USD Despite Turbulent ETF Outflows
FxWirePro- Major Pair levels and bias summary
Bitcoin Resilience: BTC Reclaims USD 69,000 as Geopolitical Tensions Ease
FxWirePro: GBP/NZD edges up, remains on front foot
FxWirePro- Major Crypto levels and bias summary
NZDJPY Bearish Breakdown: Why Selling the Rallies is the Strategic Play
FxWirePro: EUR/ NZD consolidating around 2.0200, room for further gains
FxWirePro: AUD/USD slips amid wavering risk sentiment
FxWirePro: GBP/USD stuck in range but maintains bearish bias
FxWirePro- Major European Indices 



