The currency pair advances toward its peak after breaking out of consolidation near 157.40 support.
USD/JPY has resumed its upward trajectory, approaching the 2024 high of 162 after holding a multi-month trendline near 157.40. The breakout from recent consolidation signals renewed strength in the pair’s advance.
Earlier support at 157.40 held firm, reinforcing the uptrend that began earlier this year. The 162 level marks the year’s peak, with traders eyeing potential resistance or a breakout.
No immediate market reaction was specified, but the pair’s movement reflects broader USD strength and JPY weakness.