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fxJul 2, 2026, 9:59 AM

USD/JPY Finds Support at 161.00 After Yen Rebound

The US dollar found support around the 161.00 level, a previous resistance area, after the Japanese yen staged a sharp rebound on Friday, raising speculation of potential intervention by Japan’s Ministry of Finance.

USDJPY

The USD/JPY pair has found support at the 161.00 mark, which previously acted as resistance. This follows a sharp rebound in the Japanese yen against the US dollar on Friday. The move has sparked market speculation about possible action from the Japanese Ministry of Finance, although no official confirmation has been provided. Traders are now monitoring price action around this key level for further cues.

Source: FXStreet Forex News