Weekly Market Strategy - 2026.2.17(Tue)
USD/JPY is struggling to break through resistance around 153.75, while support at 152.50 also appears solid.
Will it continue moving within this range for a while?
Although yen strength progressed last week in USD/JPY, many analysts still believe that the medium to long-term basic trend of yen weakness and foreign currency strength will continue in both USD/JPY and cross-yen pairs.
However, as we approach the 160 level, there is growing concern about intervention, so even if the yen weakness trend continues, trading targets are likely to be set around just below 160.
If we break above 153.75, I am planning to consider buy trades targeting around 155 for this week.
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