Post #15253

Yen on the Edge USD/JPY is trading back toward the 31.8% Fib level — a zone that could decide whether the uptrend remains intact. Buyers will need to step in here to keep momentum alive. The dollar has remained supported since Powell’s hawkish tone at the last FOMC, as Treasury yields continue to edge higher. Strong U.S. data this week — including upbeat ADP and ISM Services PMI figures — reinforced dollar demand, though the greenback’s failure to extend gains hints that the rally may be losing steam. Meanwhile, Governor Ueda signals a potential rate hike only in early 2026. If USD/JPY holds above the 31.8% retracement and buyers defend the zone, the pair could rebound toward 155.00 — though verbal intervention from Japanese officials near that level remains a risk. A break below support, however, could trigger profit-taking and a deeper pullback, especially if U.S. data softens and markets price rate cuts more confidently into December.