USD/JPY Price Forecast: Falls toward 156.00 after breaking below nine-day EMA

USD/JPY may rebound toward the immediate barrier at the nine-day EMA of 156.19.
The 14-day Relative Strength Index has eased to a neutral 52.80 from recent higher levels.
The initial support lies at the upside trendline around 155.10.

Akhtar Faruqui FXStreet

USD/JPY retraces its recent gains registered in the previous session, trading around 156.10 during the European hours on Monday. On the daily chart, technical analysis indicates the 14-day Relative Strength Index (RSI) sitting at 52.80 (neutral) after easing from recent readings. A turn higher in RSI would strengthen bullish conviction, while a drift toward 50 would keep range-bound conditions in place.

The 50-day Exponential Moving Average (EMA) rises, supporting the broader uptrend. The nine-day EMA is flat with price hovering around it, pointing to near-term consolidation. The setup keeps a modest bullish bias while above the rising 50-day EMA.

Upside momentum would re-accelerate on a daily close above the immediate barrier at the nine-day EMA of 156.19, opening the path toward the next resistance around the 11-month high of 157.90. Further advances would support the USD/JPY pair to test the 158.88, the highest since July 2024.

On the downside, a rejection at the nine-day EMA and a break beneath the nearest support at the upside trendline around 155.10 would shift focus to the secondary floor and risk a deeper pullback toward the 50-day EMA at 154.72.

Japanese Yen Price Today

The table below shows the percentage change of Japanese Yen (JPY) against listed major currencies today. Japanese Yen was the strongest against the New Zealand Dollar.

	USD	EUR	GBP	JPY	CAD	AUD	NZD	CHF
USD		-0.00%	0.14%	-0.20%	0.18%	0.18%	0.37%	-0.02%
EUR	0.00%		0.15%	-0.18%	0.19%	0.19%	0.35%	-0.02%
GBP	-0.14%	-0.15%		-0.32%	0.04%	0.03%	0.22%	-0.17%
JPY	0.20%	0.18%	0.32%		0.36%	0.38%	0.55%	0.11%
CAD	-0.18%	-0.19%	-0.04%	-0.36%		0.00%	0.19%	-0.21%
AUD	-0.18%	-0.19%	-0.03%	-0.38%	-0.00%		0.18%	-0.21%
NZD	-0.37%	-0.35%	-0.22%	-0.55%	-0.19%	-0.18%		-0.39%
CHF	0.02%	0.02%	0.17%	-0.11%	0.21%	0.21%	0.39%

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).

(The technical analysis of this story was written with the help of an AI tool.)

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.

AUD/USD hits nine-week lows below 0.7000 on RBA Bullock's remarks

AUD/USD reverses a brief uptick and turns lower to hit nine-week lows below 0.7000 in the European morning on Tuesday, as traders digest cautious remarks from Reserve Bank of Australia (RBA) Governor Michele Bullock during the press conference. Earlier on, the RBA raised the cash rate to 4.60%, as widely expected, leaving the door open to further rate hikes if needed.

USD/JPY consolidates near 157.50 as a bullish USD counters intervention risks

USD/JPY struggles to capitalize on the overnight bounce from a one-week low, consolidating around 157.50 in the Asian session on Tuesday. Trump's concerns about the Japanese Yen's weakness fueled speculation about another US-Japan joint intervention. This, along with the hawkish BoJ, underpins the JPY and caps the currency pair. Meanwhile, rising Fed rate-hike bets and oil-driven inflation fears continue to push US bond yields to multi-year highs, keeping the US Dollar pinned near a two-month high and supporting the pair.

Gold: Bulls seem hesitant as Fed hike bets, higher bond yields, and bullish USD cap upside

Gold clings to modest recovery gains through the first half of the European session, albeit it lacks follow-through and remains below $4,150. Moreover, the bearish fundamental backdrop keeps the precious metal within striking distance of the lowest level since August 4, around the $4,100 neighborhood touched on Monday, and warrants caution before positioning for any meaningful appreciation.

Chainlink trims gains after CCIP 2.0 launch, Swift ledger integration

Chainlink (LINK) edges below $15.00 on Tuesday, trimming its 10% gains from the previous day, driven by the launch of its new Cross-Chain Interoperability Protocol 2.0 and Swift ledger integration for tokenized deposits and 24/7 cross-border payments.

Focus turns to US job openings

In the euro area, focus turns to the September flash inflation print for Spain which will give the first indication of where the euro area data on Friday lands. We expect a modest rise in headline due to higher energy costs and a small increase in core inflation. We also receive the European Commission's business survey for September.

Fed vs BoJ: Both hiked. The market only believes one of them – and the chart shows which

The Fed and the BoJ have just done something remarkably similar. Both central banks raised interest rates by 25 bps last week, both are confronting inflation risks, and both signal that future decisions will depend on incoming economic data.