Strategist: The market may view the 163-165 range as the next target for USD/JPY

```htmlGolden Ten Data reported on June 30 that Masahiko Loo, Senior Fixed Income Strategist at State Street Global Advisors, stated that the market may now view the 163-165 range as the next key technical and psychological target for USD/JPY. In this range, both position risk and policy risk become more prominent. "As USD/JPY approaches 163-165, the risk of intervention should not be underestimated," Loo said. He added that "the probability of taking action will rise significantly," and "the possibility of coordinated signal communication with the U.S. Treasury should not be excluded," especially if a breakout above 163 triggers stop-loss orders pushing the exchange rate further up to accelerate toward 165.```