USD/JPY Price Forecast: Trades near 162.50 after breaking above nine-day EMA
USD/JPY steadies after registering minor gains in the previous day, trading around 162.40 during the Asian hours on Friday. The currency pair is maintaining a bullish near-term bias as it holds above both the nine-period and 50-period Exponential Moving Averages (EMAs).
  • USD/JPY may find the primary barrier at the 40-year high of 162.84.
  • The 14-day Relative Strength Index is at 59.8, hinting at sustained, measured upside pressure.
  • The currency pair is positioned slightly above the nine-day EMA of 162.22.

USD/JPY steadies after registering minor gains in the previous day, trading around 162.40 during the Asian hours on Friday. The currency pair is maintaining a bullish near-term bias as it holds above both the nine-period and 50-period Exponential Moving Averages (EMAs). The location of prices over these key averages suggests buyers remain in control

Additionally, the daily technical analysis indicates that the USD/JPY pair is remaining within an ascending channel pattern, suggesting a prevailing bullish bias. The 14-day Relative Strength Index (RSI) around 59.8 stays in positive territory without yet signaling overbought conditions, hinting at sustained but measured upside pressure.

The USD/JPY pair could find initial resistance at the 40-year high of 162.84, which was reached on July 1. Further advances would support the pair to approach the upper boundary of the ascending channel around 164.50.

On the downside, the immediate support lies at the nine-day EMA of 162.22, followed by the lower boundary of the ascending channel around 162.00. A sustained break below the channel would expose the 50-day EMA at 160.85. Further declines below the medium-term moving average would cause a bearish emergence and put downward pressure on the pair to navigate the region around 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. Know more.)

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 Australian Dollar.

USD EUR GBP JPY CAD AUD NZD CHF
USD -0.07% 0.03% -0.03% -0.06% 0.12% 0.03% -0.11%
EUR 0.07% 0.11% 0.04% 0.00% 0.20% 0.10% -0.04%
GBP -0.03% -0.11% -0.07% -0.11% 0.08% 0.00% -0.16%
JPY 0.03% -0.04% 0.07% -0.04% 0.15% 0.04% -0.08%
CAD 0.06% 0.00% 0.11% 0.04% 0.20% 0.10% -0.04%
AUD -0.12% -0.20% -0.08% -0.15% -0.20% -0.11% -0.24%
NZD -0.03% -0.10% -0.00% -0.04% -0.10% 0.11% -0.14%
CHF 0.11% 0.04% 0.16% 0.08% 0.04% 0.24% 0.14%

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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