The USD/JPY lost bullish steam after peaking at 153.28 on 10 October, sliding 2.2% to 149.90 as U.S. dollar momentum faded. Political uncertainty over Japan’s LDP leadership and a breakdown in the 10-year U.S.-Japan sovereign yield spread below 2.47% reinforced yen strength. A failed bullish breakout above 150.50 signals downside risks, with near-term support at 149.05–148.55.
17-10-2025 10:12 GMT
by Kelvin Wong