Imported headline
USD/JPY Threatens Breakout on Bull Pennant Resistance Test
Source
Forexcom - https://www.forex.com/en-us/news-and-analysis/usd-jpy-threatens-breakout-on-bull-pennant-resistance-test/
Summary
USD/JPY is on the verge of testing a breakout and I think this is an important time to revisit the manner, as I've seen multiple retail traders pointing to 163 as a point of possible resistance with the hope that the Japanese government might take effort to defend the level. This seems very similar to the episode we had back in 2022 at 150, or 2024 with 151.95 and then 160.
Medium Impact
USDJPY
USD
US