ForexAug 13, 2026, 10:58 AM

USD/JPY capped below 50% retracement of July drop at 159.50

USD/JPY was little changed on Thursday, holding below the 159.50 level that marks the 50% retracement of July's decline. Reduced expectations for a Fed rate hike in September weighed on dollar demand.

USDJPY

USD/JPY traded practically flat on Thursday, remaining capped below 159.50, the 50% retracement of July’s plunge.

The US dollar struggled for direction as fading hopes of a Federal Reserve interest rate hike in September undermined speculative demand for the currency.

That leaves the 159.50 retracement area as a key technical resistance to watch in the short term.

Source: FXStreet Forex News

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