USD/JPY 4H: Watching 160.724 Support as US10Y Holds FirmUS Dollar vs. Japanese YenFX:USDJPYLIVERMORE333【USD/JPY: 4H Chart】 Current Status: The July 3rd EMA death cross turned out to be a "fakeout." Based on volume analysis, the July 10th drop appears to be algo-driven "precautionary selling" rather than actual BoJ intervention. The pair is now flirting with another death cross following the decline from July 9th. Strategy: While technicals hint at a potential reversal, the resilience of US Treasury yields (US10Y) remains a major counter-argument. As long as the interest rate differential persists, a trend reversal without actual intervention is unlikely. There is a high risk that this technical sell signal could be another fakeout if US yields remain elevated. I am closely monitoring whether the 160.724 support level holds. Action: Staying on the sidelines. I am watching the range between resistance at 162.837 and support at 160.724. I will be particularly cautious if I see a divergence between US yields and USD/JPY (e.g., yields rising while the pair falls), as this would signal intense intervention fear. Summary: Caught between intervention fears, BoJ inaction, and firm US yields. I am waiting to see which side wins the 160.724 - 162.837 tug-of-war in early Monday trading. #USDJPY #Forex #TechnicalAnalysis #US10Y #SwingTrading