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fxAug 17, 2026, 5:38 AM

USD/JPY struggles near 159.00, vulnerable below 50% Fibo

USD/JPY is attracting sellers at the start of the week, trading below the 159.00 level in Asian hours with the pair viewed as vulnerable below the 50% Fibonacci retracement.

USDJPY

USD/JPY opened the new week with some selling interest. During Asian trading the pair traded below the 159.00 level, though it showed resilience and lacked clear bearish conviction.

The price action leaves the pair below the 50% Fibonacci retracement, which the forecast views as a vulnerable technical position.

The 159.00 area remains a nearby level to watch, with the short-term bias tilted cautiously lower.

Source: FXStreet Forex News