
Nikkei Eyes Record High, But Four Forces Stand Between USD/JPY and 164
TL;DR: The Nikkei 225 is closing in on a fresh record near 72,831.73, but unlike June's rally—when USD/JPY ran alongside it to 163.97—a faster BoJ tightening cadence, a more patient Fed, credible intervention risk and the absence of a fresh oil shock mean USD/JPY is unlikely to follow through the 160 zone this time.


![Technical outlook: Gold, EUR/USD, USD/JPY [Video]](https://forexnewsapi.snapi.dev/images/v1/placeholders/forex/f33.jpg)

