Huo Xing Finance reports that on August 3, the USD/JPY pair dropped by 170 pips within 15 minutes, marking its first breach below the 156 level since May 6, with a daily decline exceeding 1%. Previously, both the U.S. and Japan stated they would not hesitate to further coordinate foreign exchange market interventions.
USD/JPY Drops 170 Points, Falls Below the 156 Level
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Summary
On August 3, 2026, USD/JPY dropped 170 points in 15 minutes, breaking below the 156 resistance level. This is the first time since May 6 that the pair has fallen below this key level. Daily losses exceeded 1%. Prior to the move, the U.S. and Japan confirmed they would coordinate intervention in the foreign exchange market if necessary.
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