- USD/JPY increases slightly, fluctuating in the range of 148.00-149.50, with an escalate in the yield of 10-year American bonds to 4.104%.
- Momentum favors buyers, with a break above 149.50 exposing the key level of 150.00 and resistance at the 200/100-DMA confluence at 151.20/21.
- A move below 149.00 could send the stock back to the October 8 low of 147.35.
The USD/JPY pair strengthened during the North American session as U.S. Treasury yields remained higher, particularly the 10-year Treasury bond, which rose to almost four basis points at 4.104%. The positive correlation between the US 10-year bond yield and the pair pushed the exchange rate to 149.13, up 0.37%.
USD/JPY Price Forecast: Technical Outlook
USD/JPY remains neutral, although trading in a higher range of 148.00-149.50 as investors decipher the next move by the Fed and the Bank of Japan.
From a momentum perspective, buyers remain in focus, but the Relative Strength Index (RSI) failed to reach a modern high that could push USD/JPY prices higher.
If USD/JPY clears the 149.50 area, it will immediately expose the 150.00 amount. Once cleared, the next resistance will be the convergence of the 200- and 100-day moving averages (DMAs) at 151.20/21.
Conversely, if the pair breaks below 149.00, expect a pullback towards the October 8 low of 147.35.
USD/JPY Price Action – Daily Chart
Japanese yen PRICE today
The table below shows the current percentage change of the Japanese Yen (JPY) against the major listed currencies. The Japanese yen was strongest against the Canadian dollar.
| USD | EUR | GBP | JPY | BOOR | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.05% | -0.07% | 0.39% | 0.17% | -0.20% | -0.28% | 0.12% | |
| EUR | 0.05% | -0.05% | 0.38% | 0.17% | -0.16% | -0.28% | 0.10% | |
| GBP | 0.07% | 0.05% | 0.45% | 0.24% | -0.10% | -0.21% | 0.19% | |
| JPY | -0.39% | -0.38% | -0.45% | -0.24% | -0.56% | -0.67% | -0.36% | |
| BOOR | -0.17% | -0.17% | -0.24% | 0.24% | -0.34% | -0.43% | -0.03% | |
| AUD | 0.20% | 0.16% | 0.10% | 0.56% | 0.34% | -0.13% | 0.27% | |
| NZD | 0.28% | 0.28% | 0.21% | 0.67% | 0.43% | 0.13% | 0.41% | |
| CHF | -0.12% | -0.10% | -0.19% | 0.36% | 0.03% | -0.27% | -0.41% |
The heat map shows the percentage changes of the major currencies relative to each other. The base currency is selected from the left column and the quote currency from the top row. For example, if you select 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).
