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.

EUR/USD rises to near 1.1650 amid dovish Fed expectations

EUR/USD edges higher after registering gains in the previous six successive sessions, trading around 1.1650 during the Asian hours on Monday. The pair appreciates as the US Dollar struggles amid dovish Federal Reserve expectations. Friday’s slower-than-expected US jobs growth suggests the US central bank could hold interest rates steady later this month.

GBP/USD breaks below 1.3400, challenges the 200-day SMA

GBP/USD remains under heavy fire and retreats for the fourth consecutive day on Friday. Indeed, Cable suffers the strong performance of the Greenback, intensified post-mixed NFP, and trades at shouting distance from its critical 200-day SMA near 1.3380.

Gold hits a fresh record high as rising geopolitical risks boost safe-haven demand

Gold scales higher for the third straight day and climbs to a fresh all-time peak, beyond the $4,550 level, during the Asian session on Monday. Reports that US President Donald Trump is weighing a series of potential military options in Iran following deadly protests in the country fuel the risk of a further escalation of geopolitical tensions amid the protracted Russia-Ukraine war. This, along with rising bets for more rate cuts by the Fed, offsets the recent US Dollar rally and is seen benefiting the safe-haven bullion.

Week ahead: US CPI might challenge the geopolitics-boosted Dollar

Geopolitics may try to steal the limelight from US data. A possible US Supreme Court ruling on tariffs could dictate market movements. Dollar strength might be tested if investors refocus on Fed expectations. A crammed data calendar next week, US CPI comes on Tuesday; Fedspeak to intensify. Euro weakness persists, lingering risk of deterioration in US-EU relations.

The weekender: The market that refused to blink and dispersion is the signal

Last week was supposed to be a week of verdicts. Jobs. Tariffs. Rates. Instead, markets got ambiguity and treated it like oxygen. December payrolls undershot expectations but remained well within the market-perceived bullish-for-equities tolerance. 50,000 jobs added and unemployment down to 4.4% kept the data squarely in the Fed no-action zone.

XRP trades under pressure amid weak retail demand

XRP presses down on the 50-day EMA support as risk-averse sentiment spreads despite a positive start to 2026. XRP faces declining retail demand, as reflected in futures Open Interest, which has fallen to $4.15 billion.