USD/JPY Price Forecast: Remains above 159.50 amid persistent bullish bias
|- The USD/JPY pair tests 159.75, its highest level since July 2024.
- The 14-day Relative Strength Index sits in the high 60s, signaling strong upside momentum.
- Initial support appears at the nine-day EMA near 158.55, aligning with the ascending channel’s lower boundary.
USD/JPY edges lower after four days of losses, trading around 159.60 during the Asian hours on Monday. On the daily chart, technical analysis indicates a persistent bullish bias as the pair remains within the ascending channel pattern.
The near-term bias is bullish as the USD/JPY pair holds well above the rising 50-day Exponential Moving Average (EMA) and extends the rebound that followed the mid-month pullback. The nine-day EMA tracks just below spot and has reasserted itself as dynamic support, underscoring persistent buying interest on shallow dips. The 14-day Relative Strength Index (RSI) sits in the high 60s, confirming strong upside momentum without yet registering extreme overbought conditions.
The USD/JPY pair tests the 159.75, the highest since July 2024, reached on March 13, followed by the upper boundary of the ascending channel around 161.30. A break above the channel would lead the pair to hit the all-time high of 162.00, recorded in July 2024.
The initial support lies at the lower boundary of the ascending channel at the nine-day EMA at 158.55. Further declines below this confluence support zone would weaken short-term price momentum and expose the medium-term average at 156.44.
(The technical analysis of this story was written with the help of an AI tool.)
Japanese Yen Price Today
The table below shows the percentage change of Japanese Yen (JPY) against listed major currencies today. Japanese Yen was the strongest against the US Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.28% | -0.24% | -0.08% | -0.05% | -0.39% | -0.69% | -0.28% | |
| EUR | 0.28% | 0.12% | 0.22% | 0.24% | -0.11% | -0.28% | 0.00% | |
| GBP | 0.24% | -0.12% | 0.17% | 0.12% | -0.23% | -0.43% | -0.07% | |
| JPY | 0.08% | -0.22% | -0.17% | 0.06% | -0.30% | -0.43% | -0.19% | |
| CAD | 0.05% | -0.24% | -0.12% | -0.06% | -0.34% | -0.55% | -0.19% | |
| AUD | 0.39% | 0.11% | 0.23% | 0.30% | 0.34% | -0.20% | 0.23% | |
| NZD | 0.69% | 0.28% | 0.43% | 0.43% | 0.55% | 0.20% | 0.36% | |
| CHF | 0.28% | -0.00% | 0.07% | 0.19% | 0.19% | -0.23% | -0.36% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Japanese Yen from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent JPY (base)/USD (quote).
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.