{"id":329303,"date":"2024-06-23T04:32:41","date_gmt":"2024-06-22T23:02:41","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=329303"},"modified":"2024-06-23T04:32:41","modified_gmt":"2024-06-22T23:02:41","slug":"surges-past-159-00-approaches-yentervention-levels-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/surges-past-159-00-approaches-yentervention-levels-crypto-news\/","title":{"rendered":"Surges past 159.00, approaches Yentervention levels &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<ul>\n<li><strong>USD\/JPY rises to 159.59, nearing the pivotal 160.00 mark, propelled by robust US PMI data.<\/strong><\/li>\n<li><strong>Key resistance at 160.00 and YTD high of 160.32; potential for Bank of Japan intervention looms.<\/strong><\/li>\n<li><strong>Support found at 159.00, June 14 high of 158.25, 158.00, with additional support at Tenkan-Sen (157.69) and Senkou Span A (157.40).<\/strong><\/li>\n<\/ul>\n<p>The US Dollar climbs against the Japanese Yen on Friday and approaches intervention levels ahead of the weekend. Stronger than expected US S&amp;P Global Flash PMIs overshadowed weaker housing data and weighed the JPY. Therefore, the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/currencies\/usdjpy\" data-fxs-autoanchor=\"\">USD\/JPY<\/a> trades at 159.59, gains 0.42%.<\/p>\n<h2 class=\"fxs_headline_medium\">USD\/JPY Price Analysis: Technical outlook<\/h2>\n<p>The major has finally broken the barrier of 159.00 and closes to intervention levels reached on April 29, when the USD\/JPY cleared the 160.00 figure. This triggered a reaction by the Bank of Japan, which intervened in the FX space, sending the pair tumbling 400 pips to 156.06 after hitting a daily high of 160.32.<\/p>\n<p>Despite that, the USD\/JPY remains upward biased, and the next resistance would be 160.00. Once cleared up, next would be the year-to-date (YTD) high of 160.32.<\/p>\n<p>Conversely, the most likely scenario due to intervention threats is the USD\/JPY first support of 159.00. Once cleared, the next support would be the June 14 high at 158.25, followed by 158.00. Further losses are seen at the Tenkan-Sen at 157.69, followed by Senkou Span A at 157.40, ahead of the Kijun-Sen at 157.11<\/p>\n<h2 class=\"fxs_headline_medium\">USD\/JPY Price Action \u2013 Daily Chart<\/h2>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/image-638545989530016600.png\"><\/a><\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>USD\/JPY rises to 159.59, nearing the pivotal 160.00 mark, propelled by robust US PMI data. Key resistance at 160.00 and YTD high of 160.32; potential for Bank of Japan intervention looms. Support found at 159.00, June 14 high of 158.25, 158.00, with additional support at Tenkan-Sen (157.69) and Senkou Span A (157.40). The US Dollar [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":5294,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,277,252,247,253,249,308,275,256,254],"class_list":["post-329303","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-majors","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-technical-analysis","tag-usdjpy","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/329303","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=329303"}],"version-history":[{"count":3,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/329303\/revisions"}],"predecessor-version":[{"id":329307,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/329303\/revisions\/329307"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/5294"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=329303"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=329303"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=329303"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}