{"id":441965,"date":"2026-11-11T18:40:13","date_gmt":"2026-11-11T11:40:13","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/usd-jpy-knocks-on-the-door-of-159-00-again-dollar-bulls-risk-poking-the-intervention-bear-441965\/"},"modified":"2026-11-11T18:40:13","modified_gmt":"2026-11-11T11:40:13","slug":"usd-jpy-knocks-on-the-door-of-159-00-again-dollar-bulls-risk-poking-the-intervention-bear","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/usd-jpy-knocks-on-the-door-of-159-00-again-dollar-bulls-risk-poking-the-intervention-bear-441965\/","title":{"rendered":"USD\/JPY knocks on the door of 159.00 again, dollar bulls risk poking the intervention bear"},"content":{"rendered":"
\n

Well, well, well. It looks like dollar bulls are knocking on the door again in search of a break higher in USD\/JPY.\u00a0But if they manage to kick the door open this time, they might just find Japanese authorities waiting on the other side of it.<\/p>\n

USD\/JPY is trading up to seven-week highs today, clipping 159.00 as buyers attempt to break through a resistance region that has frustrated them for quite a few weeks now.<\/p>\n

\n

The previous attempts to push to the upside were capped by resistance at the 200-day moving average (blue line), with the swing region around 159.00 providing an added layer to that. But today, USD\/JPY buyers are looking to prove their worth as they try to tackle both key levels at one go. At the same time though, they need to wrestle with the 100-day moving average (red line) at 158.98 currently too.<\/p>\n

For now, buyers will have to really take a bold step in challenging that confluence and\u00a0making a daily close above it in order to confirm an upside breakout.\u00a0A firm break above the key technical levels above would take the pair to its highest levels in over two months, with 160.00 emerging as the next key psychological target.<\/p>\n

Looking at what’s driving the move, the dollar certainly has some fundamental backing. The hotter-than-expected US CPI report yesterday\u00a0and more hawkish Fed commentary have strengthened expectations of further rate hikes, providing an impetus for the greenback while the yen continues to meander amid a lack of hawkish conviction from the BOJ itself.<\/p>\n

That being said, what’s curious is that the dollar is holding firmer despite the broader improvement in risk sentiment so far today. Equities are seen rebounding with tech shares surging higher and Wall Street is looking poised to recover the drop from yesterday. But with\u00a0the US bond market closed for Veterans Day, traders aren’t getting any fresh signals from Treasury yields to validate the move.<\/p>\n

As such, this is where things get a bit tricky.<\/p>\n

And when you throw in the fact that the closer USD\/JPY gets to 160.00,\u00a0the more uncomfortable the long trade becomes. Tokyo officials are definitely watching this space closely and\u00a0Japan’s sizeable interventions earlier this year are a reminder that they aren’t afraid to act against excessive yen weakness.<\/p>\n

This is not to say that\u00a0160.00 is going to be a magic intervention trigger point in which Japan authorities will act, but any\u00a0rapid move higher could invite stronger verbal warnings or even direct action if need be from hereon.<\/p>\n

All in all, that leaves\u00a0dollar bulls facing an awkward dilemma. The technicals are looking good again with some encouragement to break to the upside. However, just the very threat of Japanese intervention alone may make buyers extremely reluctant to chase the move. Tough.<\/p>\n

\n

This article was written by Justin Low at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Well, well, well. It looks like dollar bulls are knocking on the door again in search of a break higher in USD\/JPY.\u00a0But if they manage to kick the door open this time,…<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-441965","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/441965","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=441965"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/441965\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=441965"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=441965"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=441965"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}