USD/JPY faces stiff resistance near 161.95 as the Bank of Japan warns of potential market intervention.
USDJPY in the short term is still facing a resistance zone around 160.90-161.95 as the last time the market reached it, the Bank of Japan warned about possible intervention to support the yen.
Traders should take Precautionary measures as the Bank Of Japan could intervene any time in the market.
SUPPORT | RESISTANCE | |
LEVEL1 | 157.00-50 | 161.95 |
LEVEL2 | 155.00 | 163.80 |
LEVEL3 | 152.00 | 165.50 |
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