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2025-10-31 18:36:26
[USD/JPY Targets 154.80, Japanese Finance Minister Warns Against Decline] ⑴ The USD/JPY pair traded in a range of 153.66-154.41 on Friday, with technical charts suggesting a potential test of the 154.80 peak reached on February 12. ⑵ Japanese Finance Minister Katayama warned that he would closely monitor foreign exchange market volatility, a statement aimed at mitigating the yen's decline. ⑶ Despite the official warning, the yen still faces further downside risk, with technical indicators pointing to continued upward movement. ⑷ The EUR/JPY pair remained below Thursday's record high of 178.80, indicating that the overall weakness of the yen remains unchanged. ⑸ The Nikkei index climbed to a record high due to gains in technology stocks, creating a typical correlation with the yen's depreciation. ⑹ Verbal intervention by Japanese authorities has temporarily failed to reverse market trends, and upward pressure on the USD/JPY pair remains significant. ⑺ A break above the key resistance level of 154.80 could open up further upside potential for the USD/JPY pair, exacerbating the pressure on the yen's depreciation.
