USD/JPY Price Analysis: Remains steady around 150.00 amid quiet US holiday session

USD/JPY at 150.13, stabilizing amid quiet trading from the US holiday.
Bulls aim for a break above 150.88 year-to-date high, targeting 151.91+.
Decline below 150.00 may prompt tests of lower support, as technicals suggest crucial markers.

Christian Borjon Valencia FXStreet

The USD/JPY traded sideways during a choppy trading session late on Monday, with Wall Street remaining closed in observance of President’s Day. At the time of writing, the pair exchanges hands at 150.13, flat.

From a technical perspective, the USD/JPY is neutral to upward biased, but it seems to have peaked at around the 150.00 area as Japanese authorities threatened to intervene in the Forex markets. Nevertheless, bulls remain in charge, and if they push the exchange rate above the current year-to-date (YTD) high of 150.88, that will exacerbate a rally above the 151.00 figure, with buyers targeting the 2023 high at 151.91. A breach of the latter will expose the 152.00 mark.

On the flip side, if sellers drag the exchange rate below 150.00, look for a dip lower, initially to the Tenkan-Sen at 149.25. Once cleared. The next stop would be the Senkou Span A at 148.57, followed by the Kijun-Sen at 147.88.

USD/JPY Price Action – Daily Chart

USD/JPY TECHNICAL LEVELS

Overview
Today last price	150.15
Today Daily Change	-0.09
Today Daily Change %	-0.06
Today daily open	150.24

Trends
Daily SMA20	148.54
Daily SMA50	145.84
Daily SMA100	147.56
Daily SMA200	145.36

Levels
Previous Daily High	150.65
Previous Daily Low	149.83
Previous Weekly High	150.89
Previous Weekly Low	148.93
Previous Monthly High	148.81
Previous Monthly Low	140.81
Daily Fibonacci 38.2%	150.33
Daily Fibonacci 61.8%	150.14
Daily Pivot Point S1	149.83
Daily Pivot Point S2	149.42
Daily Pivot Point S3	149.01
Daily Pivot Point R1	150.65
Daily Pivot Point R2	151.06
Daily Pivot Point R3	151.47

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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