Yen on High Alert
Japanese Finance Minister Katayama issued a fresh warning on April 15, 2026, stating she is prepared to take "bold action" to support the YEN.
- The USD/JPY pair is currently hovering around 158–159, a level that has historically triggered direct market intervention by Japanese authorities.
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The 4H chart shows 2 scenarios about the USD/JPY possible price movement
1. BLUE DOWNWARD PROJECTION:
- Based on Japan's recent warning of market intervention
- The prices are expected to fall 1.35% - based on recent price action
- Overall, the prices could fall below the fib level 0.618 (158.65) with crucial support levels at 158.25 & 157.70.
2. PURPLE UPWARD PROJECTION:
- After consolidation between fib levels 0.618 & 0.50, prices steeply moved upward.
- 159.50 could be a crucial resistance - close to 160.00 & the descending Black trendline
Japanese Finance Minister Katayama issued a fresh warning on April 15, 2026, stating she is prepared to take "bold action" to support the YEN.
- The USD/JPY pair is currently hovering around 158–159, a level that has historically triggered direct market intervention by Japanese authorities.
---------------------------------------------------------------------------------------
The 4H chart shows 2 scenarios about the USD/JPY possible price movement
1. BLUE DOWNWARD PROJECTION:
- Based on Japan's recent warning of market intervention
- The prices are expected to fall 1.35% - based on recent price action
- Overall, the prices could fall below the fib level 0.618 (158.65) with crucial support levels at 158.25 & 157.70.
2. PURPLE UPWARD PROJECTION:
- After consolidation between fib levels 0.618 & 0.50, prices steeply moved upward.
- 159.50 could be a crucial resistance - close to 160.00 & the descending Black trendline
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.