TRENDING:

GBP/USD

XAU/USD

USD/JPY falls back towards 150.50, pares away mid-week gains

The USD/JPY has slipped back into the 150.50 region.
The pair couldn't hold onto gains above the 151.00 handle.
US data sours market sentiment mood on Thursday.

Joshua Gibson FXStreet

The USD/JPY slipped to a Thursday low of 150.30 after a batch of bad US data soured risk appetite. The pair slipped from the 151.40 region as the USD/JPY whipsaws through the trading week.

US Initial Jobless Claims for the week into November 10th missed the mark, showing nearly a two-year high of 231 thousand new unemployment benefit seekers versus the expected 220 thousand. The previous week showed 218 thousand new jobless claimants, and investors have rotated their perspective to now be concerned about the state of the US economy.

United States Industrial Production (MoM) falls 0.6% in October

US Industrial Production for October also declined past expectations, printing at -0.6% compared to the forecast -0.1%. US capacity fell from September's 0.1% soft reading, which was revised downwards from 0.3%.

The trading week will round out with Friday's US Building Permit and Housing Starts figures, where investors will be looking to take a pulse reading of the US economy.

USD/JPY Technical Outlook

The USD/JPY is churning near the extreme top-end of long-term trading, cycling the 151.00 level. The pair remains extremely well-bid, and the pair looks set for another fresh run at multi-decade highs above 152.00.

Medium-term support is coming from the 50-day Simple Moving Average (SMA) rising into 149.50, and the USD/JPY's long-term bull run has seen price action pull well away from the long-run 200-day SMA near 141.25.

USD/JPY Daily Chart

USD/JPY Technical Levels

USD/JPY

Overview
Today last price	150.6
Today Daily Change	-0.82
Today Daily Change %	-0.54
Today daily open	151.42

Trends
Daily SMA20	150.44
Daily SMA50	149.34
Daily SMA100	146.39
Daily SMA200	141.2

Levels
Previous Daily High	151.42
Previous Daily Low	150.05
Previous Weekly High	151.6
Previous Weekly Low	149.35
Previous Monthly High	151.72
Previous Monthly Low	147.32
Daily Fibonacci 38.2%	150.89
Daily Fibonacci 61.8%	150.57
Daily Pivot Point S1	150.5
Daily Pivot Point S2	149.59
Daily Pivot Point S3	149.14
Daily Pivot Point R1	151.87
Daily Pivot Point R2	152.33
Daily Pivot Point R3	153.24

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

EUR/USD holds steady below 1.1800

EUR/USD moves sideways in a narrow channel below 1.1800 as the market volatility remains low ahead of the New Year holiday. On Tuesday, investors will pay close attention to the minutes of the Federal Reserve's December policy meeting.

GBP/USD retreats below 1.3500 as trading conditions remain thin

GBP/USD corrects lower after posting strong gains in the previous week and trades below 1.3500 on Monday. With the action in financial markets turning subdued following the Christmas holiday, however, the pair's losses remain limited.

Gold holds above $4,300 after profit taking kicked in

Gold retreats sharply from the record-peak it set at $4,550 and trades below $4,400, losing more than 3% on the day. Growing optimism about a Ukraine-Russia peace agreement and profit-taking ahead of the New Year holiday seem to be causing XAU/USD to stay under heavy bearish pressure.

Bitcoin, Ethereum, and XRP bulls regain strength

Bitcoin, Ethereum, and Ripple record roughly 3% gains on Monday, regaining strength mid-holiday season. Despite thin liquidity in the holiday season, BTC and major altcoins are regaining strength as US President Donald Trump pushes peace talks between Russia and Ukraine. The technical outlook for Bitcoin, Ethereum, and Ripple gradually shifts bullish as selling pressure wanes.

Economic outlook 2026-2027 in advanced countries: Solidity test

After a year marked by global economic resilience and ending on a note of optimism, 2026 looks promising and could be a year of solid economic performance. In our baseline scenario, we expect most of the supportive factors at work in 2025 to continue to play a role in 2026.

Crypto market outlook for 2026

Year 2025 was volatile, as crypto often is. Among positive catalysts were favourable regulatory changes in the U.S., rise of Digital Asset Treasuries (DAT), adoption of AI and tokenization of Real-World-Assets (RWA).