USD/JPY Price Analysis: Dives below 150.00 amid BoJ member’s hawkish comments

USD/JPY down 0.47%, reacting to BoJ's Takata hinting at possible exit from stimulus, stirring market speculation.
Technical analysis highlights crucial support at 149.21, with potential rebound or further decline in focus.
Breach below 149.21 could lead to further losses, targeting 148.31 and possibly extending to the 146.00 region.

Christian Borjon Valencia FXStreet

The USD/JPY trades with losses below the Tenkan-Sen level of 150.03, following “hawkish” comments by a Bank of Japan (BoJ) member, Takata. He said the BoJ needs to consider taking a flexible response, including exiting from monetary policy stimulus, which investors perceived as a normalization of monetary policy. At the time of writing, the pair exchanged hands at 149.98, down 0.47%.

USD/JPY Price Analysis: Technical outlook

The daily chart shows the pair printed a low at around 149.21, at the Senkou Span A level, before resuming to the upside and thus remaining shy of the 150.00 figure. A breach of the latter will expose the Tenkan-Sen and a resumption of the ongoing uptrend towards the 151.00 mark.

Conversely, if the USD/JPY stays below the 150.00 mark and achieves a daily close below 149.21, look for a fall to the Kijun-Sen at 148.31, ahead of the 148.00 mark. If surpassed, the pair could aim toward the top of the Ichimoku Cloud (Kumo) at around 146.00-146.15.

USD/JPY Price Action – Daily Chart

USD/JPY

Overview
Today last price	150.02
Today Daily Change	-0.67
Today Daily Change %	-0.44
Today daily open	150.69

Trends
Daily SMA20	149.6
Daily SMA50	146.91
Daily SMA100	147.67
Daily SMA200	145.86

Levels
Previous Daily High	150.85
Previous Daily Low	150.38
Previous Weekly High	150.77
Previous Weekly Low	149.68
Previous Monthly High	148.81
Previous Monthly Low	140.81
Daily Fibonacci 38.2%	150.67
Daily Fibonacci 61.8%	150.55
Daily Pivot Point S1	150.43
Daily Pivot Point S2	150.17
Daily Pivot Point S3	149.96
Daily Pivot Point R1	150.9
Daily Pivot Point R2	151.11
Daily Pivot Point R3	151.37

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.

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