Strong US ISM manufacturing data lifted US yields and the dollar, pushing USD/JPY above 151.30-35 and 151.50 hourly kijun. Treasury 2-year and 10-year yields rose to 4.726 % and 4.337 %, respectively. Market observers note a higher risk of Japanese FX intervention as a headwind, with technical support near 151.00 and resistance at the 152.00 option barrier, a break above which could trigger intervention.
"Strong US ISM manufacturing data lifted the dollar and pushed USD/JPY higher, directly contributing to the negative end‑of‑day return."