USD/JPY Battles 156.13/50 Resistance After Fed Hike
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USD/JPY has pushed directly into the 156.13/50 resistance band, a zone that has capped upside attempts on the daily chart following the latest hawkish Fed rate decision. The pair's approach to this level reflects the widening yield gap favoring the dollar.
Price action here is critical: a decisive close above 156.50 would open the path toward fresh cycle highs, while rejection at this ceiling could trigger a pullback toward the 155.45 support trigger. Volume and candle structure near this resistance will determine near-term direction.
Traders watching the pair should treat 156.13/50 as the pivotal battleground, with follow-through momentum on either side likely to define the next leg of the trend.