USD/JPY looks certain to hit 150.00 if BOJ delays intervention

USD/JPY is aiming to kiss the 150.00 despite the upbeat market mood.
The odds for BOJ’s intervention are getting air as the USD/JPY is advancing despite the vulnerable DXY.
Japan’s exports would accelerate amid overall weakness in the Japanese yen.

Sagar Dua FXStreet

The USD/JPY pair is hovering around the immediate hurdle of 149.00 in the Tokyo session. The asset has delivered an upside break of the rangebound structure formed in a 148.41-148.89 area despite the cheerful market mood.

The mighty US dollar index (DXY) is underperforming against other risk-perceived currencies amid a decline in safe-haven’s appeal. Meanwhile, risk sentiment has turned extremely positive. S&P500 displayed a V-shape recovery on Monday after a bloody Friday. However, the 10-year US Treasury yields are still holding the critical figure of 4% as bets on a 75 basis point (bps) rate hike by the Federal Reserve (Fed) are significant.

The ongoing north-side momentum in the USD/JPY is appealing to hit the psychological hurdle of 150.00, backed by dovish policy guidance by the Bank of Japan (BOJ). On Friday, BOJ’s Governor Haruhiko Kuroda stated that “It is appropriate to continue monetary easing,” reported Reuters. He further added that the central bank sees inflationary pressures declining to 2%, therefore, a continuation of dovish monetary policy is highly required.

This has left no other option for the BOJ than to intervene in the currency market. Japan’s officials are repeatedly conveying the preparedness of the BOJ for intervening in FX moves to support the Japanese yen due to excess forex moves based on speculation. Japan's Finance Minister Shun'ichi Suzuki cited that “they are constantly watching FX movements with a sense of urgency”

Going forward, Tuesday’s Japan Trade data will be keenly watched. As per the consensus, imports will decline to 45% from the prior release of 49.9% while exports will scale to 27.1% vs. the former release of 22.1% due to the weak yen.

USD/JPY

Overview
Today last price	148.86
Today Daily Change	-0.17
Today Daily Change %	-0.11
Today daily open	149.03

Trends
Daily SMA20	145.17
Daily SMA50	141.39
Daily SMA100	138.2
Daily SMA200	129.66

Levels
Previous Daily High	149.09
Previous Daily Low	148.43
Previous Weekly High	148.86
Previous Weekly Low	145.24
Previous Monthly High	145.9
Previous Monthly Low	138.78
Daily Fibonacci 38.2%	148.84
Daily Fibonacci 61.8%	148.68
Daily Pivot Point S1	148.61
Daily Pivot Point S2	148.19
Daily Pivot Point S3	147.95
Daily Pivot Point R1	149.27
Daily Pivot Point R2	149.52
Daily Pivot Point R3	149.94

Author

Sagar Dua

FXStreet

Sagar Dua is associated with the financial markets from his college days. Along with pursuing post-graduation in Commerce in 2014, he started his markets training with chart analysis.

AUD/USD flatlines near 0.6965 as less hawkish RBA counters USD weakness

AUD/USD holds steady above a two-week low, trading near 0.6965 in the Asian session on Wednesday as early midterm election results heighten political uncertainty and weigh heavily on the US Dollar. Moreover, reviving safe-haven demand triggers a fresh leg down in US bond yields, offsetting Fed hike bets and exerting additional pressure on the buck. However, a less hawkish RBA caps the Aussie.

USD/JPY declines below 158.00 as USD weakens on midterm election results

USD/JPY comes under heavy selling pressure on Wednesday, dropping below 158.00 during the Asian session as the US Dollar slumps to a one-month low amid heightened political uncertainty after early US midterm vote counts. Moreover, the prospect of gridlock in Washington drives safe-haven flows, triggering a fresh leg down in US bond yields and further weighing on the buck.

Gold reclaims $4,000 and above

Gold manages to regain some composure, leaving behind two consecutive daily pullbacks and reclaiming the area above the key $4,000 mark per troy ounce on Wednesday. The strong decline in the US Dollar, declining US Treasury yields and lower crude oil price all contributes to the yellow metal’s recovery.

Crypto Today: Bitcoin, Ethereum, XRP extend advance as US Dollar slides on Democrats' US midterm victory

Bitcoin trades above $78,000 on Wednesday as risk-on sentiment improves in the broader cryptocurrency market. Ethereum mirrors BTC’s recovery outlook, hovering above $2,300. Ripple similarly exchanges hands above $1.28, marking two consecutive days of gains.

US midterms 2026: Investor Q&A on the Democratic sweep

1. Gridlock replaces the stimulus narrative. A Democratic Congress would constrain Trump's ability to pursue additional fiscal expansion and legislative tax measures. But it cannot simply reverse the president's entire economic agenda. Executive powers, existing legislation and presidential vetoes remain important. 2. AI faces a higher hurdle, not an extinction event.

The 2% inflation target came from a throwaway remark. It now moves trillions

The Federal Reserve's 2% inflation goal grew out of an off-the-cuff remark by a New Zealand politician in 1988. Bond investors still price long-term US debt as if 2% holds, so a change in how the Fed measures inflation would move markets.