The currency pair tests resistance at 160.50 after rebounding from a multi-month support level near 155.50.
USD/JPY has climbed toward 160.50, retracing losses after testing a multi-month channel floor around 155.50. The pair now aligns with its 200-day moving average, a key technical level.
Earlier this month, the yen weakened to an April peak near 160.70 before a sharp reversal. Analysts view 160.50 as an interim resistance target amid persistent dollar strength.
No immediate market reaction was specified, but the yen remains under pressure as traders monitor technical levels and broader USD trends.