USD/JPY Price Analysis: Holds losses below 142.50, support appears at seven-month lows

USD/JPY could retest the seven-month low of 141.61, recorded on Thursday.
If the 14-day Relative Strength Index falls below the 30 level, it could potentially trigger a short-term corrective rebound.
The primary initial resistance is located near the nine-day EMA at 143.80.

Akhtar Faruqui FXStreet

USD/JPY inches lower after registering gains in the previous session, trading around 142.40 during the Asian session on Friday. An analysis of the daily chart showed the pair moves downward within a descending channel, indicating a confirmed bearish bias.

The USD/JPY pair continues to trade below the nine-day Exponential Moving Average (EMA), signaling subdued short-term momentum. Meanwhile, the 14-day Relative Strength Index (RSI) hovers just above the 30 level, further supporting the ongoing bearish outlook. A drop below the 30 mark could suggest an oversold condition, potentially triggering a short-term corrective rebound.

On the downside, the USD/JPY pair may revisit the seven-month low of 141.61, marked on Thursday, followed by the descending channel’s lower boundary near 140.80. A decisive break below this channel could reinforce the bearish bias and open the door for a move toward 139.58 — the lowest level since July 2023, last seen in September 2024.

To the upside, initial resistance is seen at the nine-day EMA around 143.80. A breakout above this level could boost short-term momentum and pave the way for a test of the descending channel’s upper boundary near 146.30.

Further resistance is located at the 50-day EMA at 148.30, followed by the two-month high of 151.31, recorded on March 3.

USD/JPY: Daily Chart

Japanese Yen PRICE Today

The table below shows the percentage change of Japanese Yen (JPY) against listed major currencies today. Japanese Yen was the weakest against the Swiss Franc.

	USD	EUR	GBP	JPY	CAD	AUD	NZD	CHF
USD		-0.10%	-0.04%	0.00%	0.00%	0.13%	0.00%	0.00%
EUR	0.10%		0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
GBP	0.04%	0.00%		0.00%	0.00%	0.00%	0.00%	0.00%
JPY	0.00%	0.00%	0.00%		0.00%	0.24%	0.53%	-0.06%
CAD	0.00%	0.00%	0.00%	0.00%		-0.02%	0.00%	0.00%
AUD	-0.13%	0.00%	0.00%	-0.24%	0.02%		0.00%	0.00%
NZD	0.00%	0.00%	0.00%	-0.53%	0.00%	0.00%		0.00%
CHF	0.00%	0.00%	0.00%	0.06%	0.00%	0.00%	0.00%

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).

BRANDED CONTENT

The right broker can enhance your trading experience by offering key features suited to your strategy. Discover a curated list of brokers designed to meet various trading preferences.

Author

Akhtar Faruqui

FXStreet

Akhtar Faruqui is a Forex Analyst based in New Delhi, India. With a keen eye for market trends and a passion for dissecting complex financial dynamics, he is dedicated to delivering accurate and insightful Forex news and analysis.

GBP/USD: Gains remain capped below 1.3200 ahead of US PCE

GBP/USD clings to minor recovery gains, but remains below 1.3200 in the European session on Thursday. However, the potential upside for the pair appear limited amid UK political instability and rising expectations of US interest rate hikes this year. Traders await the US May PCE inflation data on Thursday for a clear direction.

EUR/USD defends 1.1350 as eyes turn to US PCE inflation

EUR/USD trades better bid above 1.1350 in European trading on Thursday. A pause in the US Dollar rally is helping the pair stay afloat. Markets look to the key US Personal Consumption Expenditures report for fresh trading impetus.

Gold consolidates around $4,000 ahead of US PCE data

Gold enters a bearish consolidation phase during the first half of the European session, and currently trades around the $4,000 psychological mark. The commodity sticks to its bearish bias for the third straight day, and remains close to the lowest level since November 2025, touched on Wednesday, as traders await the crucial US inflation data.

Bitcoin tests $60,000 as whales sell off – Aave and Jupiter show resilience

The broader cryptocurrency market remains under intense selling pressure, with Bitcoin back at $60,000 for the third time this year. On-chain data shows selling pressure from large-wallet investors, commonly referred to as whales, while total liquidations hit nearly $1 billion in 24 hours.

Bitcoin nears make-or-break level ahead of US PCE data

Bitcoin recovers slightly, trading at $61,700 after reaching a new yearly low of $59,103 and a 21-month low the previous day. This bearish price action is supported by the ongoing institutional sell-off, which recorded an outflow of over $469 million on Wednesday.

Regime change: Inside Kevin Warsh's first move to make the Fed unreadable on purpose

The rate did not move. That was the least interesting thing about Kevin Warsh's first meeting in charge of the Fed. The FOMC held its benchmark at 3.50%-3.75% for the fourth straight meeting, exactly as priced, and then the new chair used his first press conference to dismantle the machinery the market has leaned on for a decade.