USD/JPY Price Forecast: Tests nine-day EMA support after falling below 157.50
The American currency managed to gain some ground amid global debt market sell-off.
USDJPY added more rebound towards 159.00 so far. As we see over the chart, the main resistance zone remains at the 159.50-160.00 zone, which keeps pressure over the pair for another drop toward 153.90 and below.
Crédit Agricole expects renewed Yen weakness before a 2027 recovery, while JPMorgan sees near-term demand from Japanese investors. Crédit Agricole expects the US Dollar to Japanese Yen (USD/JPY) exchange rate to climb to 163 by December 2026, even as JPMorgan identifies signs of Japanese buying interest in the Yen.
The strong pullback in the oil markets put pressure on the American currency.
USDJPY pulls back from new three-week high on Friday, as traders started to collect profits from the steep rally that lasted nearly two weeks.
USD/JPY has had a strong run in the last two weeks, yet the 159 mark is once again emerging as a formidable barrier. What does this indicate?
USDJPY currency pair recently reversed up from the support zone located between the key support level 152.88 (which previously stopped wave (ii) in February) and the lower support trendline of the daily down channel from July.
Looking at the 4-hour chart, the pair settled above 157.40, the 100 simple moving average (red, 4-hour), and the 200 simple moving average (green, 4-hour). The bulls were able to push the pair above the 61.8% Fib retracement level of the downward move from the 160.39 swing high to the 152.88 low.
Rising Treasury yields provided support to the American currency.
USDJPY managed to meet targets 156.75 and 157.40 and above Market still showing ability for farther advance toward 159.50-160.00 zone Intraday supports at 157.30 and 156.40 which still pushing for farther advance Markey managed to test support 156.40 while still holding trades above it Traders need to be careful as BOJ may step in to […]
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