Core Viewpoint - The USD/JPY exchange rate is experiencing a rebound, testing the 157.50 level, despite verbal interventions from Japanese authorities, indicating ongoing pressure on the yen and a strong dollar driven by reduced risk aversion in the market [1] Group 1: Market Reactions - The latest USD/JPY exchange rate is reported at 157.3900, with a gain of 0.15% [1] - Japanese Chief Cabinet Secretary Hirokazu Matsuno expressed concerns over the recent "one-sided and rapid" fluctuations in the yen's exchange rate, emphasizing the need for vigilance against excessive volatility [1] - The yen has recently fallen below the 157 mark, reaching its lowest level since January of this year, attributed to weakened expectations for short-term interest rate cuts by the Federal Reserve [1] Group 2: Technical Analysis - The daily RSI for USD/JPY is in a slightly overbought zone, which may limit the bullish sentiment and lead to a consolidation or moderate pullback [2] - If the exchange rate adjusts, the 156.60 area may serve as the first support level; a drop below 156.00 could trigger further technical selling pressure [2] - Should the market continue to rise, the 157.50 area is identified as a key resistance level, with potential upward movement towards 158.00 and higher resistance at approximately 158.50, aiming for the January high of 159.00 [2]
口头干预未能提振日元走强
Jin Tou Wang·2025-11-20 05:14