USD/JPY Analysis – 06.Jul.2026
USD/JPY Analysis : By analyzing the #USDJPY chart on the Daily timeframe, we can see that price continued to push higher and the Japanese Yen has weakened to levels not seen for decades. USDJPY is currently trading around the 162.37 region and price is now sitting inside a very important supply zone. At this stage, the key question is whether sellers can finally reject price from this area or not. If USDJPY starts reacting from this supply zone, we could see a corrective move toward lower liquidity levels.
The nearest supply zone is located around 162.00 – 162.85. If price rejects from this area, the next downside targets to monitor are 161.50, followed by 160.50, then 159.20, and potentially 158.00 if bearish pressure increases.
However, if USDJPY breaks and stabilizes above 162.85, the bullish continuation scenario becomes stronger again. In that case, price could push toward 163.50, followed by 164.20, then 165.00, and potentially higher levels as new records may continue to form. For now, USDJPY is trading at a very sensitive level. Either we get a strong rejection from this supply zone, or a breakout above 162.85 could open the door for another aggressive bullish extension.
(This Post on TradingView)
Author : Arman Shaban
To see more analyzes of Gold , Forex Pairs , Cryptocurrencies , Indices and Stocks , be sure to Follow and Join us on other Platforms :
– Public Telegram Channel
– YouTube Channel
– TradingView
– X (Twitter)
– How to join our FOREX VIP Channel ?
– How to join our Crypto VIP Channel ?
– CONTACT ME directly on Telegram
