USD/JPY Analysis – 12.Aug.2026

USD/JPY Analysis : By analyzing the #USDJPY chart on the Daily timeframe, we can see that the market experienced an extremely aggressive move after Japanese authorities stepped in to support the Yen. USDJPY collapsed from the 163+ area toward the 157 region in a very short period of time, showing just how violent the intervention-driven move was.

Currently, price is trading around 159.25 and has already started recovering from the recent low. The most important thing on the chart right now is the massive FVG created during this sharp sell-off, roughly between the 160.90 and 163.20 regions.

In my view, this imbalance could become a major magnet for price in the medium term. If buyers continue defending the current recovery structure, the first upside targets to monitor are 160.00, followed by 160.90, then 161.50, 162.20, and potentially the upper side of the FVG around 163.00 – 163.20.

However, the 163.20 – 164.00 area is also a major Bearish Order Block, so even if USDJPY manages to completely fill the FVG, this zone could attract another strong wave of selling pressure.

On the downside, the first important support area sits around 157.10 – 157.60. If this area fails, the next major demand zone is located around 154.00 – 155.10, followed by deeper bullish zones around 152.40 – 153.50.

So the medium-term scenario I’m watching is relatively simple: recovery toward the large FVG first, then we reassess price reaction as USDJPY approaches the 163 area.

The intervention changed the short-term structure dramatically, but it also created one of the clearest imbalances currently visible on the Daily chart.
(This Post on TradingView)

Author : Arman Shaban

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