USD/JPY Price Forecast: Bearish Reversal at 160.45 After Triple Intervention Warning From Mimura
10-Year JGB Yields Rise to 2.35%, Tokyo CPI Slides to 1.7%, and Fiscal Year-End Capital Flows Muddy the Signal — Key Support at 158.40, Intervention Risk Above 160.00
Key Point 1:
USD/JPY printed a bearish key reversal at 160.45 after Japan's top three officials simultaneously warned of intervention — April BoJ hike probability jumped to 82% from 68% in a single session.
Key Point 2:
Tokyo CPI slid to 1.7% — its lowest since April 2024 — while JGB 10-year yields rose to 2.35%, narrowing the rate differential with the U.S. and providing structural yen support.
Key Point 3:
Short rallies toward 160.00-160.30 targeting 158.40 — a break below 157.75 confirms a trend reversal, while a break above 160.50 invalidates the bearish setup | That's TradingNEWS