USD/JPY rises further above 158.00 as US Dollar extends recovery


  • USD/JPY moves higher above 158.00 amid firm US Dollar.
  • The US Dollar remains firm as the Fed restricts a number of rate cuts this year to one.
  • The Japanese Yen remains vulnerable as the BoJ postponed plans of reduction in bond-buying operations.

The USD/JPY pair jumps above 158.00 in Tuesday’s European session. The asset strengthens as the US Dollar (USD) recovers strongly after a modest correction. The US Dollar exhibits a strong performance as Federal Reserve (Fed) policymakers continue to reiterate their projection for only one rate cut this year.

On Monday, Philadelphia Fed Bank President Patrick Harker said he sees one cut in benchmark rates this year if his economic forecast plays out, Reuters reported.

On the contrary, financial markets expect that the Fed will deliver two rate cuts by the year-end. Market speculation for rate cuts twice this year strengthened after the Consumer Price Index (CPI) report for May showed that inflation cooled down at a faster pace. This also increased confidence among investors that the progress in the disinflation process has resumed.

Fed policymakers also acknowledged the soft inflation as encouraging. However, officials said that they want to see inflation declining for months before announcing rate cuts.

Meanwhile, investors shift focus to the United States (US) Retail Sales data for May, which will be published at 12:30 GMT. The US Census Bureau is expected to report an increase in the Retail Sales by 0.3% after remaining flat in April.

On the Tokyo front, the Japanese Yen continues to face selling pressure as the Bank of Japan (BoJ) has pushed plans for reducing bond-buying operations to the July meeting. This has deepened fears of limited scope for policy tightening.

This week, investors will focus on Japan’s National Consumer Price Index (CPI) data for May. Annual National CPI excluding Fresh Food is expected to have accelerated to 2.6% from the prior reading of 2.2%.

USD/JPY

Overview
Today last price 158.08
Today Daily Change 0.36
Today Daily Change % 0.23
Today daily open 157.72
 
Trends
Daily SMA20 156.76
Daily SMA50 155.68
Daily SMA100 152.77
Daily SMA200 150.13
 
Levels
Previous Daily High 157.96
Previous Daily Low 157.16
Previous Weekly High 158.26
Previous Weekly Low 155.72
Previous Monthly High 157.99
Previous Monthly Low 151.86
Daily Fibonacci 38.2% 157.65
Daily Fibonacci 61.8% 157.46
Daily Pivot Point S1 157.27
Daily Pivot Point S2 156.81
Daily Pivot Point S3 156.46
Daily Pivot Point R1 158.07
Daily Pivot Point R2 158.42
Daily Pivot Point R3 158.87

 

 

Share: Feed news

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

XM
Account
7.2
Tools
9.2
Service
9.4
Trading
9.0
Trust
7.0
Experience
8.4
Read review
Moneta Markets
Account
7.4
Tools
6.6
Service
8.0
Trading
6.6
Trust
5.2
Experience
9.2
Read review
Trading Pro
Account
7.2
Tools
5.2
Service
6.6
Trading
8.0
Trust
5.0
Experience
7.0
Read review
Pepperstone
Account
8.2
Tools
8.2
Service
7.4
Trading
9.0
Trust
8.8
Experience
9.0
Read review
XM
Read review
Moneta Markets
Read review
Trading Pro
Read review
Pepperstone
Read review
Trading Pro
Read review
Pepperstone
Read review
XM
Read review
Moneta Markets
Read review
Trading Pro
Account
7.2
Tools
5.2
Service
6.6
Trading
8.0
Trust
5.0
Experience
7.0
Read review
Pepperstone
Account
8.2
Tools
8.2
Service
7.4
Trading
9.0
Trust
8.8
Experience
9.0
Read review
XM
Account
7.2
Tools
9.2
Service
9.4
Trading
9.0
Trust
7.0
Experience
8.4
Read review
Moneta Markets
Account
7.4
Tools
6.6
Service
8.0
Trading
6.6
Trust
5.2
Experience
9.2
Read review

Recommended content


Recommended content

Editors’ Picks

EUR/USD clings to strong gains above 1.1050 as US-China trade war deepens

EUR/USD clings to strong gains above 1.1050 as US-China trade war deepens Premium

EUR/USD trades decisively higher on the day above 1.1050 on Wednesday as the US Dollar (USD) stays under persistent selling pressure on growing fears over a recession, as a result of the US trade war with China. Later in the American session, the Federal Reserve will release the minutes of the March policy meeting.

EUR/USD News
GBP/USD holds above 1.2800 on broad USD weakness

GBP/USD holds above 1.2800 on broad USD weakness

GBP/USD stays in positive territory above 1.2800 in the American session on Wednesday.  After China's decision to respond to the US tariffs by imposing additional 84% tariffs on US goods, the US Dollar remains under pressure and helps the pair hold its ground ahead of FOMC Minutes.

GBP/USD News
Gold extends rally to $3,050 area as safe-haven flows dominate markets

Gold extends rally to $3,050 area as safe-haven flows dominate markets

Gold preserves its bullish momentum and trades near $3,050 in the second half of the day. Further escalation in the trade conflict between the US and China force markets to remain risk-averse midweek, allowing the precious metal to capitalize on safe-haven flows.

Gold News
Top 3 gainers NEO, Plume and Story: NEO surges despite Trump's tariff firestorm as investors succumb to extreme fear

Top 3 gainers NEO, Plume and Story: NEO surges despite Trump's tariff firestorm as investors succumb to extreme fear

Cryptocurrencies are enduring progressive market carnage from the US President Donald Trump administration's incessant tariffs on its trade partners, with some selected altcoins like NEO, Plume and Story (IP) leading the bullish brigade on Wednesday.

Read more
Tariff rollercoaster continues as China slapped with 104% levies

Tariff rollercoaster continues as China slapped with 104% levies

The reaction in currencies has not been as predictable. The clear winners so far remain the safe-haven Japanese yen and Swiss franc, no surprises there, while the euro has also emerged as a quasi-safe-haven given its high liquid status.

Read more
The Best brokers to trade EUR/USD

The Best brokers to trade EUR/USD

SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.

Read More

Forex MAJORS

Cryptocurrencies

Signatures

Best Brokers of 2025