0658 GMT - USD/JPY may extend its uptrend to 160.00, based on technical charts, StoneX's Matt Simpson says in commentary. "At its current trajectory, USD/JPY could tag 160 as early as Thursday if yen bears get their way," the senior market analyst says. "The daily trend remains firmly bullish," he says. The currency pair's 2025 high and the 159.00 level are the "final technical hurdles" along with risk of potential foreign-exchange intervention by Japanese authorities, Simpson says. "Any intervention would likely be swift and violent. A repeat of past episodes could see USD/JPY unwind by 300-400 pips in short order," Simpson adds. USD/JPY is 0.4% higher at 158.81, LSEG data show. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
January 13, 2026 01:58 ET (06:58 GMT)
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