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ResolvedForex

USD/JPY Plunges Below Key Support as Technical Momentum Shifts

First Detected: Jul 2, 2026, 1:23 PM
Last Update: 2 months ago
8 articles·4 stories

Event Summary

The USD/JPY pair experienced a steep decline and broke the 161.51 support level, confirming a short-term top at 162.83. The intraday bias for USD/JPY has shifted to the downside, targeting the 38.2% retracement level at 159.84. The pair found technical support at a previous resistance area around the 161.00 level.

Timeline

USD/JPY Hits Critical Levels Triggering Japan Intervention Alerts
Jul 3, 2026, 10:15 AMImpact: 7
USD/JPY Slides to 160.62 as Markets Brace for Potential BoJ Intervention
Jul 2, 2026, 1:23 PMImpact: 4

Price Impact

Since event start
USDJPY-4.22%
EURJPY-2.65%