USD/JPY Market Hold Steady at 155

Market Analysis – December 12
USD/JPY appears to be caught in a horizontal trend around 155, following an impressive upward performance that began in October. Since then, the price has surged consistently, pushing into the 155–158 price channel. The pair is clearly encountering resistance within this zone.

From a macroeconomic perspective, the movement may be tied to speculation about a possible intervention by the Japanese government to support the yen, which has recently weakened against several major currencies. This expectation may be creating a ceiling for the market within the 155–158 range.

USD/JPY Key Levels

Demand Levels: 158, 159, 160
Supply Levels: 145, 140, 135

USD/JPY Continues to Hold at 155

After the market hit key resistance at 158, it pulled back, and price action has now settled at the 155 level. Last week, during our analysis, we observed that the price was holding around this same level. Although it later rebounded, it did not reach the 158 mark; instead, it formed a lower high. This may indicate that the bullish momentum that previously pushed the market upward is losing strength.

In addition, the market appears to be experiencing increasing bearish sentiment at this level. At the same time, bulls are defending the 155 support zone strongly. With both levels holding firm, a consolidation phase may be developing.

USD/JPY Short-Term Trend: Indecision

Viewing the USD/JPY market from the 4-hour chart, we can see how price continues to swing around the key 155 level. However, the price action shows more swing lows than swing highs, indicating that bulls are enduring bearish pressure while still demonstrating resilience. Consolidation is ongoing, as technical indicators now show the market moving around their midpoints, reflecting a state of indecision.

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