USD/JPY Price Forecast: Rebounds towards 159.00 as bulls target 160.00
The USD/JPY resumes its upward trajectory after testing the 20-day Simple Moving Average (SMA) at 158.10 on Monday, rising towards 159.00, posting gains of over 0.14%.
  • USD/JPY rebounds from 20-day SMA, resuming short-term bullish trajectory
  • RSI turns higher above 50, signaling renewed upside momentum strength
  • Break above 159.00 opens path toward 159.50 and 160.00 levels

The USD/JPY resumes its upward trajectory after testing the 20-day Simple Moving Average (SMA) at 158.10 on Monday, rising towards 159.00, posting gains of over 0.14%.

USD/JPY Price Forecast: Technical Outlook

The USD/JPY remains bullish-biased, even though Monday’s reversal opened the door to testing lower prices, such as the March 5 pivot low at 156.45. A day ago, bullish momentum was fading, but as of writing, the Relative Strength Index (RSI) is aiming higher, above its neutral 50-neutral level.

If USD/JPY ends the day above 159.00, expect a test of 159.50, followed by 160.00. Nevertheless, fears of a possible intervention by Japanese authorities could keep the pair trading sideways.

On the downside, the USD/JPY first support would be the 20-day SMA at 158.10. A breach of the latter will expose 157.50, followed by the 157.00 figure, and the March 5 cycle low at 156.45. Once those two levels are taken out, the next support is the 100-day SMA at 156.20.

USD/JPY Price Chart – Daily

USD/JPY Daily Chart

Japanese Yen Price This week

The table below shows the percentage change of Japanese Yen (JPY) against listed major currencies this week. Japanese Yen was the strongest against the Canadian Dollar.

USD EUR GBP JPY CAD AUD NZD CHF
USD -0.70% -0.83% -0.52% 0.20% -0.11% -0.45% -0.08%
EUR 0.70% -0.12% 0.18% 0.92% 0.58% 0.27% 0.63%
GBP 0.83% 0.12% 0.26% 1.04% 0.73% 0.38% 0.68%
JPY 0.52% -0.18% -0.26% 0.70% 0.41% 0.05% 0.35%
CAD -0.20% -0.92% -1.04% -0.70% -0.29% -0.65% -0.29%
AUD 0.11% -0.58% -0.73% -0.41% 0.29% -0.34% -0.04%
NZD 0.45% -0.27% -0.38% -0.05% 0.65% 0.34% 0.30%
CHF 0.08% -0.63% -0.68% -0.35% 0.29% 0.04% -0.30%

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).

Oltre un milione di utenti si affida a FXStreet per dati di mercato in tempo reale, strumenti di charting, approfondimenti di esperti e notizie Forex. Il loro calendario economico completo e i webinar formativi aiutano i trader a rimanere informati e a prendere decisioni ponderate. FXStreet conta circa 60 professionisti tra la sede di Barcellona e diverse regioni globali.
Leggi di più

QUOTAZIONI IN DIRETTA

Nome / Simbolo
Grafico
% Variazione / Prezzo
GBPUSD
Variazione 1 giorno
+0%
0
EURUSD
Variazione 1 giorno
+0%
0
USDJPY
Variazione 1 giorno
+0%
0

TUTTO SU FOREX

Esplora Altri Strumenti
Trading Academy
Sfoglia una vasta gamma di articoli educativi che coprono strategie di trading, approfondimenti di mercato e fondamentali finanziari, tutto in un unico posto.
Scopri di più
Corsi
Esplora corsi di trading strutturati progettati per supportare la tua crescita in ogni fase del tuo percorso di trading.
Scopri di più
Webinar
Partecipa a webinar live e on-demand per ottenere approfondimenti di mercato in tempo reale e strategie di trading da esperti del settore.
Scopri di più