eFXData

eFX Apex

The Institutional-Grade Data Hub

  • Plus: Discretionary Trades
  • Edge: Sentiment Trades
  • Alpha: Systematic Trades
  • Apex: Full Big Data Stream
TDUX
Jul 05 - 09:55 PM

USD/JPY - Range Bound As Dip Buyers Offset Intervention Fears

By Krishna Kumar  —  Jul 05 - 08:38 PM

• USD/JPY up 0.1% in Asia after closing 0.2% higher Fri as dip buyers support

• Speculators boldened by absence of Tokyo intervention but remain wary

• BOJ's slow rate hikes, Japan fiscal concerns counter intervention fears

• Japan's government blueprint nudges BOJ to fuel demand, clouding rates path

• Japan outlined large spending plans in its latest policy blueprint last week

• Waning Fed rate hike bets likely to cap rallies

• Resistance 161.65-70, 161.95-162.00, support 161.00-10, 160.50-60

• Friday range 160.485-161.525, Asia 161.35-161.58
JPY:


(Krishna Kumar is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
© 2026 eFXdata · All Rights Reserved
!