Retesting resistance and Fibonacci levels and continuing to FallUSD/JPYOANDA:USDJPYFM-ForexMastermind🔶 USD/JPY UPDATE 👉 USD/JPY dropped sharply from the 160.73 peak to around 156.00, marking the strongest one-day rally of the Japanese Yen in more than three years. The move came after Nikkei reported that Japan’s Ministry of Finance and the Bank of Japan intervened in the market by buying Yen and selling US Dollars, marking the first intervention since 2024. 👉 At the same time, next week’s Japanese economic calendar remains relatively light, leaving USD/JPY highly sensitive to the risk of further intervention and upcoming US economic data developments, which continues to maintain bearish pressure on the pair. 📌 Technical Outlook 👉 USD/JPY is seeing a short-term recovery after the sharp 3.3% decline and reaching oversold conditions. 👉 The bearish structure remains supported as EMA 34 continues trading below EMA 89 and maintains downward momentum. 👉Price may retest the resistance zone around the Fibonacci 0.618 level before continuing the broader downside movement. 🔹 Resistance Zone: 157.60 - 158.00 🔹 Support Zone: 155.55 ; 154.00 🔥 Bias Today: BEARISH Wishing you a successful trading day💰