US Treasury Secretary Scott Bessent's comments support JPY US DOLLAR VS JAPANESE YENTRADENATION:USDJPYTradeNationUSDJPY remains under pressure, with the Japanese yen supported by expectations that the Bank of Japan could continue moving towards tighter monetary policy. The pair is also vulnerable to changes in market sentiment and US Treasury yields. Today's Japanese data, including M2 and M3 money supply and machine tool orders, will provide further insight into the strength of the Japanese economy. Stronger data could support expectations for further Bank of Japan policy tightening and provide additional support for the yen. US Treasury Secretary Scott Bessent's recent comments have also increased attention on the yen. His remarks suggest that US authorities are increasingly focused on currency movements and excessive yen weakness, which could limit the scope for a significant USDJPY rally. In the US, the $39 billion 10-year Treasury note auction will be closely watched. Strong demand could push Treasury yields lower and add further pressure to USDJPY. Conversely, weak demand could lift yields and provide the dollar with some short-term support. Conclusion: The short-term outlook for USDJPY remains bearish. The yen continues to benefit from expectations of tighter Bank of Japan policy and increased political attention towards currency weakness. However, the US 10-year Treasury auction could create short-term volatility. Higher US yields may support a temporary rebound in USDJPY, but unless yields rise significantly, rallies are likely to face renewed selling pressure. Key Support and Resistance Levels Resistance Level 1: 155.36 Resistance Level 2: 156.47 Resistance Level 3: 157.30 Support Level 1: 152.20 Support Level 2: 151.00 Support Level 3: 150.00 The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. To the extent permitted by law, in no event shall Trade Nation (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk. Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Financial Spread Bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.7% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.