Technical Shifts: USD/JPY Reverses from Resistance as Ethereum Bounces Off Support

Key Facts

1USD/JPY reversed from a long-term resistance level of 162.0, likely falling toward the 160.00 support level.

2Ethereum reversed upward from a long-term support zone at 1500.00, targeting the 2000.00 resistance level.

As markets monitor the movements of major currencies and digital assets, current technical patterns suggest pivotal turning points in price trajectories. According to reports, the USD/JPY pair reversed from a long-term resistance level of 162.0, with expectations of a decline toward the 160.00 level. Simultaneously, Ethereum bounced from a strong support zone at 1500.00, currently targeting the next resistance level at 2000.00.

The Japanese Yen's reversal follows a test of the upper weekly Bollinger Band resistance, coinciding with market data showing Japanese retail sales grew by 5.3% annually per market data (as of June 28, 2026). In the crypto market, Ethereum maintained a solid price floor that has held since January, bolstering trader confidence in the sustainability of the current bounce compared to other altcoins facing similar selling pressure.

Traders should watch the 160.00 level for USD/JPY as key support, while 2000.00 remains the primary hurdle for Ethereum. Looking at the economic calendar, the release of China's Manufacturing PMI at 50.3 (as of June 30, 2026) may influence global risk appetite, potentially impacting the recovery momentum in digital assets and trade-sensitive currencies.