USD/JPY Price Analysis: Yen bears appear well set to refresh weekly low around 132.90

USD/JPY fades bounce off eight-day low as 50-DMA challenges corrective bounce.
Impending bear cross on MACD, steady RSI favor continuation of the latest downside.
100-DMA, 3.5-month-old ascending trend line appear tough nuts to crack for Yen pair sellers.

Anil Panchal FXStreet

USD/JPY drops back towards the lowest levels in a week, mildly offered near 133.55 by the press time, as it defends the previous day’s downside break of the 50-DMA amid early Wednesday.

Adding strength to the bearish bias is the steady RSI (14) line around the 50.00 level, as well as the looming bear cross on the MACD indicator.

With this, the Yen pair is all set to revisit the eight-day low marked on Tuesday around 133.35. However, the 100-DMA support of near 132.90 could challenge the USD/JPY bears afterward.

In a case where the quote remains bearish past 132.90, an upward-sloping support line from the mid-January, close to 131.90 by the press time, will be the last defense of the Yen pair buyers as a break of which could open doors for the pair’s fall towards the yearly low of near 127.20.

Alternatively, a daily closing beyond the 50-DMA level of 133.80 becomes necessary for the USD/JPY buyers to take the risk of fresh entry.

Even so, the latest swing high around 135.15 and a horizontal area comprising multiple levels marked since November 2022, surrounding 133.45-70, will be a tough nut to crack for the Yen pair bulls.

To sum up, USD/JPY remains on the bear’s radar with the 50-DMA breakdown.

USD/JPY: Daily chart

Trend: Further downside expected

Additional important levels

Overview
Today last price	133.58
Today Daily Change	-0.21
Today Daily Change %	-0.16%
Today daily open	133.79

Trends
Daily SMA20	133.21
Daily SMA50	133.79
Daily SMA100	132.95
Daily SMA200	137.03

Levels
Previous Daily High	134.48
Previous Daily Low	133.37
Previous Weekly High	135.14
Previous Weekly Low	133.55
Previous Monthly High	137.91
Previous Monthly Low	129.64
Daily Fibonacci 38.2%	133.79
Daily Fibonacci 61.8%	134.05
Daily Pivot Point S1	133.28
Daily Pivot Point S2	132.77
Daily Pivot Point S3	132.17
Daily Pivot Point R1	134.39
Daily Pivot Point R2	134.99
Daily Pivot Point R3	135.5

Author

Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

EUR/USD risks a deeper drop below 1.1750

EUR/USD keeps its vacillating mood in place as the the NA session drwas to a close on Tuesday, hovering below the 1.1800 hurdle amid acceptable gains in the US Dollar. In the meantime, market participants and the FX galaxy are expected to closely follow President Trump’s SOTU speech around 2AM GMT.

GBP/USD regains 1.3500 and above

GBP/USD extends its advance for the third day in a row on Tuesday, this time retesting the area beyond the 1.3500 hurdle. Cable’s uptick comes despite decent gains in the Greenback and the dovish message from the BoE’s Bailey at the UK Parliament.

Gold appears offered around $5,150

Gold is giving back a good portion of the recent multi-day rally, receding to the $5,150 zone per troy ounce amid the decent bounce in the US Dollar and mixed US Treasuty yields. In the meantime, markets’ attention remain on upcoming comments from Fed speakers.

Ripple’s DeFi shift in focus: Navigating XRPL EVM sidechain growth, XRPFi migration and liquidity

Ripple (XRP) has continued to trade under pressure, extending its decline by approximately 63% from the record high of $3.66 in July. The remittance token is trading above support at $1.35, while its upside appears limited by key supply zones, starting with $1.40, at the time of writing on Tuesday.

The Citrini report: How a debatable AI narrative can shake Wall Street

That AI-related headline alone was enough to rattle investors.US stocks slid sharply on Monday after a widely circulated Citrini Research memo outlined a hypothetical “2028 Global Intelligence Crisis”, warning that rapid AI adoption could push US unemployment into double digits as early as by mid-2028.

XRP pressured by weak ETF flows and declining retail interest

Ripple (XRP) is edging lower, trading above its intraday low of $1.32 at the time of writing on Tuesday. The decline from its weekly opening of $1.39 reflects heightened volatility in the broader cryptocurrency market, accentuated by tariff-triggered uncertainty.