USD/JPY Forecast

The USD/JPY pair bounced from support at ¥153 on Wednesday, with bullish momentum aiming for a breakout above ¥154.50 as yen weakness persists.

USD/JPY pulled back to test the ¥153 level as support, with the broader bullish trend likely to resume due to ongoing US-Japan rate divergence.

The US dollar remains steady against the yen near ¥154, with strong support from interest rate differentials and long-term bullish momentum.

USD/JPY consolidates near recent highs, supported by Fed hawkishness and BoJ dovishness, with upside potential toward 158 yen as dip-buying remains favored.

USD/JPY broke above the key 153 resistance level on Thursday, fueled by a stronger U.S. dollar and renewed yen weakness.

USD/JPY fell sharply from the ¥153 resistance zone, hinting at a potential double top, with ¥150 emerging as a key support level ahead of major central bank decisions.

The USD/JPY pair climbed on Monday amid improved US-China trade sentiment, with resistance at ¥153 as traders await rate decisions from the Fed and Bank of Japan.

The U.S. dollar continued its bullish push against the yen on Thursday, testing the crucial ¥153 level amid rising yields and diverging monetary policies.

The U.S. dollar remains strong against the yen, with solid support at ¥150 and expectations of a continued move toward ¥153 and beyond.

The U.S. dollar bounced off key support against the yen, forming a bullish reversal pattern as traders target ¥153, supported by interest rate differentials.

The US dollar is finding support against the yen near the 150 level, suggesting a potential bullish reversal as interest rate differentials favor continued upside.

The US dollar finds fresh support near 150 against the yen, with bullish momentum hinting at a continuation toward 153 and possibly 162 in the longer term.

USD/JPY dipped sharply but remains in a bullish structure, with key support zones near 150 offering potential buy-on-dip opportunities within a broader uptrend.

You can see that we have gapped higher to kick off the trading week on Monday as you would expect now that the bat between the Americans and the Chinese might be over. We just don't know. We've actually seen a calming of tensions from both sides. So that's a good sign. I think basically, what you have here is a continuation of what we’ve seen. And now we're starting to focus on Japan again. That of course is because light monetary policy, loose monetary policy is probably coming. And that means yen printing in colloquial terms, we had broken above the 151 yen level an area that I had talked about for a while, and we've turned around to show signs of life, all things being equal.

The US dollar broke down significantly against the Japanese yen during trading on Friday, as the ¥153 level has offered a significant amount of resistance, and perhaps gravity came back into the picture. That being said, we also have a little bit of an exacerbation of trade tensions between the United States and the Chinese, and therefore a little bit of a “risk off move” made sense. In other words, people started running to the safety of the Japanese yen, but I also would argue that the market was overdone to begin with, and we were heading into the weekend.