USD/JPY Price Forecast: Eyes 40-year highs near 163.00 after breaking above nine-day EMA
USD/JPY gains ground for the second successive day, trading around 162.20 during the early European hours on Monday. The currency pair is maintaining a bullish near-term bias as it holds comfortably above both the nine-day and 50-day Exponential Moving Averages (EMAs).
  • USD/JPY may target the initial resistance at the 40-year high of 162.84.
  • The 14-day Relative Strength Index at 62, signaling overbought conditions
  • The initial support lies at the nine-day EMA of 161.76.

USD/JPY gains ground for the second successive day, trading around 162.20 during the early European hours on Monday. The currency pair is maintaining a bullish near-term bias as it holds comfortably above both the nine-day and 50-day Exponential Moving Averages (EMAs). The upward-sloping EMAs suggest sustained underlying demand.

Additionally, the 14-day Relative Strength Index (RSI) around 62 keeps the pair in positive territory without yet signaling extreme overbought conditions, hinting that buyers still retain control despite the recent pullback from the highs.

The daily technical analysis indicates that the USD/JPY pair is remaining within an ascending channel pattern, suggesting a prevailing bullish bias.

The initial resistance lies at the 40-year high of 162.84, which was reached on July 1, followed by the upper boundary of the ascending channel around 163.40.

On the downside, the USD/JPY pair may pull back toward the nine-day EMA of 161.76. Further declines would weaken the bullish bias and put downward pressure on the pair to test the lower boundary of the ascending channel around 160.80, followed by the 50-day EMA at 160.23. A break below this confluence support zone would expose the four-month low of 155.04, recorded on May 6.

Chart Analysis USD/JPY
USD/JPY: Daily Chart

(The technical analysis of this story was written with the help of an AI tool.)

Japanese Yen Price Today

The table below shows the percentage change of Japanese Yen (JPY) against listed major currencies today. Japanese Yen was the weakest against the US Dollar.

USD EUR GBP JPY CAD AUD NZD CHF
USD 0.15% 0.13% 0.58% 0.15% 0.16% 0.44% 0.26%
EUR -0.15% -0.01% 0.43% -0.00% 0.03% 0.30% 0.12%
GBP -0.13% 0.01% 0.43% 0.00% -0.01% 0.32% 0.15%
JPY -0.58% -0.43% -0.43% -0.44% -0.42% -0.16% -0.25%
CAD -0.15% 0.00% 0.00% 0.44% 0.00% 0.30% 0.15%
AUD -0.16% -0.03% 0.01% 0.42% -0.00% 0.31% 0.14%
NZD -0.44% -0.30% -0.32% 0.16% -0.30% -0.31% -0.17%
CHF -0.26% -0.12% -0.15% 0.25% -0.15% -0.14% 0.17%

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).

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