The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
On June 4, the USD/JPY pair approached a critical resistance zone between 160.20 and 160.60, levels where the BoJ previously threatened intervention. The EUR/USD managed to hold above support levels of 1.1530-1.1580 and broke above the first resistance at 1.1660. The USD/JPY pair remained mostly neutral, moving by only 0.1% over the last two sessions as the Yen struggled to recover. The USD/JPY is testing the 160 level as markets await US Non-Farm Payrolls data as a catalyst for volatility.