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USD/JPY Retreats, But Uptrend Remains Firm Amid Strong Interest Rate Differential

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JPY
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The USD/JPY exchange rate has pulled back from its recent high of 160.20, but the uptrend remains intact.

After a five-day advance, the pair retreated to the 159.80-159.75 zone during the Asian session.

The technical structure remains constructive, with the 100-period Simple Moving Average and the 50.0% Fibonacci retracement supporting the price above 159.58.

Key resistance levels are seen near the 200-period SMA at 160.33, as well as at 161.62 and 162.09.

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