USD/JPY Forecast

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.

The US dollar initially did rally a bit during the early hours here on Wednesday but gave back those gains to show signs of life again. Ultimately, this is a market that I think is going to continue to be very noisy in general. But I also recognize that we have a situation where we are basically hanging around between the 1.39 level on the bottom and the 1.40 level on the top. I do think that eventually the US dollar ends up outperforming the Canadian dollar and we do break above the 1.40 level. If and when we do that, I think we've got a situation where traders will really start to look towards the 1.4250 level.

The US dollar has gapped higher against the Japanese yen to kick off the trading session here on Monday after the surprise results of the Japanese national election. That being said, I don't put a lot of faith into these types of moves. Historically speaking, at least I should say that I don't chase them.

The US dollar rallied against the Japanese yen during the early hours on Friday, but we have seen a certain amount of resistance in this market, as this pair continues to be very noisy. That doesn’t surprise me, because it has been very choppy for months, even though we at one point got a bit of a “false break out.” The candlestick for the Friday session looks like it is going to close positive, but I also recognize that the 200 Day EMA has offered significant resistance, and therefore it suggests that perhaps the market isn’t quite ready to take off to the upside, and we may be stuck in the same consolidation for a while.

USD/JPY bounces from 146 support, with resistance at the 50-day EMA and 149. Bulls eye 151 if broken, while sub-145.50 would signal downside risk.

The US dollar initially rallied against the Japanese yen during the trading session here on Tuesday to reach towards the 149 yen level but then pulled back significantly to break below the 200 day EMA at least for part of the session. The 50 day EMA also offer support. So now that we have, it has shown itself to be a little bit more resilient. I think you've got a situation where traders just aren't willing to go too deep into the market as the non-farm payroll uh comes out on Friday. That being said, I think you still have to favor the upside due to the swap differential. The interest rate differential still favors the US dollar regardless, and if we can break above the 149 yen level, I think we have a real shot at going to the 150 yen level, possibly even 151 yen. Anything about that then becomes buy and hold. I have been buying dips along the way for several months now. And I think that is going to be how I continue to play this market. Just simply collecting swaps to get paid, to hang on to the trade and then collecting my gains as they occur.