USD/JPY Freefalls, Sellers Trigger Aggressive Downside Move

USD/JPY plunged after failing to clear 160.80/160.00, sparking an aggressive downside move that sliced through key 4‑hour supports and moving averages. The pair fell over 500 pips, dipping below 156.50 with a low at 155.53, and is now in a corrective bounce while technicals remain bearish. Immediate resistance sits at 157.50–158.75 (close above 158.75 needed to retake 159.20/160.00). Key supports are 156.75, 156.20 (break could target 155.50) and a deeper move toward 152.00 if selling resumes. The report also notes EURUSD and GBPUSD gaining, underscoring broader dollar weakness and risk‑on flows.