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The USD/JPY pair has rebounded from a one-week low near 159.00 levels, pushing higher toward the overnight swing high during the European session. Traders are closely monitoring the 160.00 psychological level, which could trigger intervention from Japanese authorities or the Bank of Japan if breached. The pair’s movement reflects cautious positioning amid heightened US-Iran tensions and anticipation of the Federal Reserve’s policy decision later in the week. For markets, this volatility underscores the yen’s role as a safe-haven asset and the dollar’s sensitivity to geopolitical risks. Traders should watch for potential central bank interventions and the Fed’s stance on inflation and rate hikes. The next key levels to monitor are 159.00 (support) and 162.00 (resistance), with a breakout above 160.00 signaling bullish momentum.
