USD/JPY: 160.0 level in focus as intervention risk shifts – ING

💡 DMK Insight

Japan’s potential CPI slowdown could impact global markets, especially if the BoJ adjusts its stance. With SOL currently at $88.77, traders should watch for how Japanese inflation data influences risk sentiment. If the BoJ hints at more rate hikes, we could see a stronger yen, which might lead to volatility in crypto and forex pairs. SOL’s performance could be tied to broader market movements, particularly if investors shift towards safer assets. Keep an eye on the $90 resistance level for SOL; a break above could signal bullish momentum, while a drop below $85 might trigger bearish sentiment. The real story is how these macroeconomic indicators ripple through the crypto space, affecting liquidity and trading strategies in the coming weeks.