• USD/JPY trades steadily around 149.70, a slight gain of 0.14%.
• Concerns about potential intervention by Japanese authorities cap the upside.
• Rising US Treasury bond yields provide support to the pair.

The USD/JPY remains steady at around 149.70, capped on the upside by fears of intervention threats by Japanese authorities. the rise in US Treasury bond yields underpinned the major, though it remains exchanging hands below the 150.00 figure, with minuscule gains of 0.14%.

The pair is consolidated within the 149.00/150.00 mark, unable to break below/above the range decisively. Nevertheless, if USD/JPY aims above 150.00, the next resistance would be the 150.16 year-to-date (YTD) high, followed by the latest year high at 151.94.

Conversely, if USD/JPY drops below 149.00, first support would emerge at the Kijun-Sen line at 148.29. If the pair slides below that level, October 3, swing low at 147.37, would be up next.

USD/JPY Price Action – Daily chart

USD/JPY Key Technical Levels