USD/JPY Price Analysis: Bulls move in and target 133.00 ahead of the 200-DMA

USD/JPY gapped up since the Asian session by about 30 pips, reaching a daily high of 132.90.
USD/JPY Price Analysis: Neutral biased, but tilted upwards, with bulls eyeing 133.00.

Christian Borjon Valencia FXStreet

The USD/JPY gapped toward new 5-week highs shy of the 50-day Exponential Moving Average (EMA) by just two pips at 132.89 and remained nearby, about to challenge the 133.00 psychological price level. The last US jobs report crushed estimates, bolstering the US Dollar (USD) on speculations for further Federal Reserve’s (Fed) aggression. Therefore, the USD/JPY rallied 3.45% since Friday and exchanged hands at 132.79 after hitting a low of 131.51.

USD/JPY Price Analysis: Technical outlook

The USD/JPY shifted neutral biased after gapping up from around 131.20 to current exchange rates. On its way up, the major reclaimed the 20-day Exponential Moving Average (EMA) at 130.53, and it’s poised to crack the 50-day EMA at 132.91, ahead of the 133.00 figure.

With the Relative Strength Index (RSI) and the Rate of Change (RoC), oscillators shifted bullish, opening the door for further upside. However, it should be said that the USD/JPY would face the trend-setter 200-day EMA at 133.88, which, once cleared, would pave the way to test the 100-day EMA above the 135.00 figure.

As an alternate scenario, the USD/JPY first support would be 132.00. A breach of the latter and the USD/JPY could test the day’s low at 131.51, followed by last Friday’s high at 131.20. Once those demand zones are broken, it would expose the 20-day EMA at 130.29.

USD/JPY Key Technical Levels

USD/JPY

Overview
Today last price	132.88
Today Daily Change	1.73
Today Daily Change %	1.32
Today daily open	131.15

Trends
Daily SMA20	129.86
Daily SMA50	132.81
Daily SMA100	138.79
Daily SMA200	136.79

Levels
Previous Daily High	131.2
Previous Daily Low	128.33
Previous Weekly High	131.2
Previous Weekly Low	128.08
Previous Monthly High	134.78
Previous Monthly Low	127.22
Daily Fibonacci 38.2%	130.1
Daily Fibonacci 61.8%	129.42
Daily Pivot Point S1	129.25
Daily Pivot Point S2	127.35
Daily Pivot Point S3	126.38
Daily Pivot Point R1	132.12
Daily Pivot Point R2	133.09
Daily Pivot Point R3	134.99

Author

Christian Borjon Valencia

FXStreet

Markets analyst, news editor, and trading instructor with over 14 years of experience across FX, commodities, US equity indices, and global macro markets.

AUD/USD stays bid above 0.7100 on Australian trade data, Mideast optimism

AUD/USD clings to minor recovery gains above 0.7100 in the Asian session on Thursday as a new Israel-Lebanon ceasefire keeps a lid on the safe-haven US Dollar. Meanwhile, strong AustralianTrade Balane data also help the Aussie pair sustain the bounce from weekly lows.

USD/JPY hovers near the 160.00 intervention threshold on Mideast tensions

USD/JPY struggles to find acceptance above 160.00 and retreats from a one-month high in the Asian session on Thursday amid fears that authorities will step in again to prop up the Japanese Yen. Furthermore, a new Israel-Lebanon ceasefire caps the US Dollar and supports the currency pair. However, renewed US-Iran tensions keep the downside limited in the Greenback and the pair.

Gold rebounds from one-week low as Israel-Lebanon truce pressures safe-haven USD

Gold gains some positive traction on Thursday and climbs to the $4,475 area during the Asian session, reversing a major part of the previous day's slide to a one-week low. The Israel-Lebanon truce prompts some profit-taking around the US Dollar and supports the commodity.

Ethereum: Long-term holders' capitulation drives ETH below $1,800

Ethereum has fallen below $1,800 on Wednesday, the first time since May 2025 following accelerated spot selling pressure and distributions from long-term holders. The Age Consumed metric, which tracks the movement of previously idle tokens or long-term holders' coins, spiked over the past two days as prices declined, indicating increased selling activity among this cohort.

Kevin Warsh takes the Fed helm: What it means for the US Dollar

The Federal Reserve moves away from the highly predictable "forward guidance" model of the Jerome Powell era to a new “Kevin Warsh environment”, characterized by less communication, more policy surprises, and an increased focus on the Fed's complex balance sheet.

Recession on paper: What really moves the Canadian Loonie now?

Statistics Canada handed the headline writers a gift and the analysts a headache. Real GDP shrank 0.1% on an annualized basis in the first quarter, and with the fourth quarter of 2025 revised down to a 1.0% contraction, that is two negative quarters in a row, the textbook definition of a technical recession and Canada's first since the pandemic.