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fxJul 10, 2026, 8:46 AM

USD/JPY Faces Resistance at 161.75 After 100-Pip Reversal

The US Dollar holds losses against the Japanese Yen on Friday, encountering resistance at the 161.75 level following a 100-pip reversal earlier in the session.

USDJPY

The USD/JPY pair is under pressure on Friday after a sharp intraday reversal of approximately 100 pips. The dollar is now trading below the key 161.75 level, which previously acted as support but has turned into resistance.

Traders are watching this level closely as a break above it could signal a return to bullish momentum, while continued rejection may open the door for further downside toward the next support zones. The price action highlights the pair's sensitivity to ongoing market dynamics.

Source: FXStreet Forex News