|

USD/JPY stays steady at around 149.50 amid rising US bond yields, risk-on mood

  • USD/JPY trades around 149.52, marking a slight gain of 0.02% from Monday.
  • US 10-year Treasury bond yield climbs nine basis points to 4.70%, despite Philadelphia Fed Harker dovish comments.
  • Japanese economic data to feature Balance of Trade; Yen watches for intervention threats.

USD/JPY fluctuates at around 149.52 as Tuesday’s Asian session begins after printing minimal gains of 0.02% on Monday. A risk-on impulse maintained the US Dollar (USD) underpinned against the Japanese Yen (JPY). Also, the rise in US Treasury bond yields weighed on the Yen.

US Dollar Index falls, capping gains; diplomatic efforts in Middle East conflict boost risk appetite

A risk-on impulse characterized Monday’s session amid diplomatic efforts to prevent a spill-over of the conflict between Israel and Hamas, with other players watching the developments for possible involvement in a possible escalation.

The US 10-year Treasury bond yield rose nine basis points to 4.70%, a tailwind for the USD/JPY pair, though the rally was capped by overall US Dollar weakness. The US Dollar Index (DXY), a basket of six currencies that trades against the US Dollar, dropped 0.43% to 106.21.

One of the drivers behind the overall US Dollar weakness is the Philadelphia Fed President Patrick Harker, who emphasized last week’s words that the US central bank could be done hiking interest rates. On the data front, the New York Empire State Manufacturing Index for October plunged less than the foreseen -7, at -4.6, though it slid compared to September’s data due to a deterioration in new orders, while prices paid eased, following the inflation downtrend.

Ahead in the week, the Japanese economic docket would feature the Balance of Trader, though the Yen would remain gathering direction on intervention threats by Japanese authorities. On the US front, the calendar will feature Retail Sales, Industrial Production, and Fed speakers.

USD/JPY Price Analysis: Technical outlook

After Monday’s trading day, the USD/JPY remains neutral to upward bias, exchanging hands above the Ichimoku Cloud (Kumo) and the Tenkan and Kijun-Sen levels. The major remains trading sideways, though slightly tilted to the upside. The first resistance is seen at last week’s high of 149.83, followed by the psychological 150.00 figure. Once cleared, the pair might reach the year-to-date (YTD) high of 150.16. On the flip side, if the major slumps below the Tenkan-Sen at 148.99, that would expose the Senkou Span A at 148.65 before sliding to the Kijun-Sen at 148.29.

USD/JPY

Overview
Today last price149.56
Today Daily Change-0.03
Today Daily Change %-0.02
Today daily open149.59
 
Trends
Daily SMA20148.88
Daily SMA50147.18
Daily SMA100144.23
Daily SMA200138.87
 
Levels
Previous Daily High149.83
Previous Daily Low149.45
Previous Weekly High149.83
Previous Weekly Low148.16
Previous Monthly High149.71
Previous Monthly Low144.44
Daily Fibonacci 38.2%149.6
Daily Fibonacci 61.8%149.69
Daily Pivot Point S1149.42
Daily Pivot Point S2149.25
Daily Pivot Point S3149.04
Daily Pivot Point R1149.79
Daily Pivot Point R2150
Daily Pivot Point R3150.17

Author

Christian Borjon Valencia

Markets analyst, news editor, and trading instructor with over 14 years of experience across FX, commodities, US equity indices, and global macro markets.

More from Christian Borjon Valencia
Share:

Editor's Picks

EUR/USD softens below 1.1800 on Fed hawkish remarks

The EUR/USD pair edges lower to around 1.1775 during the early Asian session on Wednesday, pressured by a renewed US Dollar demand. Traders await the US President Donald Trump's State of the Union address later on Wednesday for clarity on fiscal policies. 

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 consolidates below $5,150 as traders await Trump's State of the Union address

Gold steadies below the $5,150 level following the previous day's pullback from the monthly peak as traders opt to wait on the sidelines ahead of Trump's State of the Union address. In the meantime, trade-related uncertainties and geopolitical risks seem to act as a tailwind for the safe-haven bullion. However, the Fed's less hawkish outlook underpins the US Dollar, which, along with a positive risk tone, caps the upside for the non-yielding yellow metal.

Coinbase launches stocks and ETF trading amid ongoing plans for all-in-one platform

Coinbase has launched stocks and ETF trading for US customers on its platform, according to an X post on Tuesday. The service offers commission-free trading available 24 hours a day, five days a week, for eligible securities. Traders deposit US dollars or USDC to fund positions and access fractional shares as low as $1. 

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.