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fxJul 3, 2026, 8:33 AM

USD/JPY Vulnerable Near Two-Week Low Below 23.6% Fibonacci at 161.00

USD/JPY extends its decline for a second consecutive day, dropping to a more than two-week low during European trade. The pair remains below the 23.6% Fibonacci retracement level at 161.00, suggesting further downside risk.

USDJPY

USD/JPY turned lower for the second straight day after an intraday uptick to the mid-161.00s. The pair dropped to a more than two-week low during the first half of the European session.

Price action remains below the 23.6% Fibonacci retracement level at 161.00, indicating vulnerability. The recent decline signals bearish momentum as sellers continue to defend resistance near the 161.00 handle.

Source: FXStreet Forex News