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Just been watching the yen crosses lately and there's definitely some interesting price action happening. USD/JPY has been struggling to hold above 160—I've noticed it's now the second time in recent weeks that bulls couldn't push it higher. The chart actually shows a pretty clear reversal pattern forming over the past few days, which is worth paying attention to.
What caught my eye more is AUD/JPY hitting levels we haven't seen in decades. That's the kind of move that doesn't happen often, so it's definitely on my radar. On the flip side, CHF/JPY is still stuck below that 204 resistance level—keeps testing it but can't seem to break through.
The broader market feels pretty risk-on right now, which usually supports yen weakness, but these technical setups are telling a different story. If you're trading yen news or watching the crosses, these price levels and patterns could be worth monitoring. The next move might come from a shift in risk appetite or some actual data releases.