USD/JPY Price Forecast: Hurdles 159.00 but upside capped on intervention fears
The USD/JPY recovers some ground, rising by over 0.25%, as buyers ignore the intervention zone, with the pair clearing the 159.00 figure and aiming to challenge the 159.50 area. At the time of writing, the pair trades at 159.38.
  • USD/JPY clears 159.00 after bouncing from 50-day SMA support.
  • RSI remains bullish, but intervention fears cap upside momentum.
  • Break below 159.00 exposes 158.78 and 157.62 supports.

The USD/JPY recovers some ground, rising by over 0.25%, as buyers ignore the intervention zone, with the pair clearing the 159.00 figure and aiming to challenge the 159.50 area. At the time of writing, the pair trades at 159.38.

USD/JPY Price Forecast: Technical outlook

Price action shows the USD/JPY is poised to consolidate further within the 159.00-160.00 area, even though further upside is seen, after the pair bounced off the 50-day Simple Moving Average (SMA) at 158.79, extending its gains past 159.00.

Momentum, although bullish with the Relative Strength Index (RSI) above its 50-neutral level, remains capped by fears for a possible intervention by Japanese authorities in the FX markets.

On the downside, if USD/JPY moves below 159.00, traders could eye the 50-day SMA at 158.78. Below this level lies the 100-day SMA at 157.62, ahead of the May 6 low of 155.04.

USD/JPY Price Chart – Daily

USD/JPY daily chart

Japanese Yen Price Today

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

USD EUR GBP JPY CAD AUD NZD CHF
USD 0.13% 0.43% 0.25% 0.07% 0.06% 0.61% 0.36%
EUR -0.13% 0.34% 0.15% -0.02% -0.03% 0.51% 0.24%
GBP -0.43% -0.34% -0.17% -0.36% -0.36% 0.17% -0.08%
JPY -0.25% -0.15% 0.17% -0.17% -0.17% 0.34% 0.13%
CAD -0.07% 0.02% 0.36% 0.17% 0.01% 0.54% 0.29%
AUD -0.06% 0.03% 0.36% 0.17% -0.01% 0.53% 0.29%
NZD -0.61% -0.51% -0.17% -0.34% -0.54% -0.53% -0.25%
CHF -0.36% -0.24% 0.08% -0.13% -0.29% -0.29% 0.25%

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).

 

Higit sa isang milyong user ang umaasa sa FXStreet para sa real-time market data, charting tools, expert insights, at Forex news. Ang komprehensibong economic calendar at educational webinars nito ay tumutulong sa mga trader na manatiling may alam at gumawa ng kalkuladong mga desisyon. Sinusuportahan ang FXStreet ng humigit-kumulang 60 propesyonal sa pagitan ng Barcelona HQ at iba’t ibang rehiyon sa buong mundo.
Magbasa pa

LIVE QUOTES

Pangalan / Simbolo
Tsart
% Pagbabago / Presyo
GBPUSD
1 araw na pagbabago
+0%
0
EURUSD
1 araw na pagbabago
+0%
0
USDJPY
1 araw na pagbabago
+0%
0

LAHAT TUNGKOL SA FOREX

Galugarin ang Higit pang mga Tool
Trading Academy
Mag-browse ng malawakang hanay ng mga educational na artikulo na sumasaklaw sa mga trading strategy, market insights, at financial fundamentals, lahat sa isang lugar.
Matuto pa
Mga Kurso
Galugarin ang mga structured na trading course na idinisenyo upang suportahan ang inyong paglago sa bawat yugto ng inyong trading journey.
Matuto pa
Webinar
Sumali sa mga live at on-demand na webinar upang makakuha ng real-time na market insights at trading strategies mula sa mga eksperto sa industriya.
Matuto pa