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JPYTechnical AnalysisUSD

USD/JPY Price Remains above 159.50 amid persistent bullish bias

  • The USD/JPY pair tests 159.75, its highest level since July 2024.
  • The 14-day Relative Strength Index sits in the high 60s, signaling strong upside momentum.
  • Initial support appears at the nine-day EMA near 158.55, aligning with the ascending channel’s lower boundary.

USD/JPY edges lower after four days of losses, trading around 159.60 during the Asian hours on Monday. On the daily chart, technical analysis indicates a persistent bullish bias as the pair remains within the ascending channel pattern.

The near-term bias is bullish as the USD/JPY pair holds well above the rising 50-day Exponential Moving Average (EMA) and extends the rebound that followed the mid-month pullback. The nine-day EMA tracks just below spot and has reasserted itself as dynamic support, underscoring persistent buying interest on shallow dips. The 14-day Relative Strength Index (RSI) sits in the high 60s, confirming strong upside momentum without yet registering extreme overbought conditions.

The USD/JPY pair tests the 159.75, the highest since July 2024, reached on March 13, followed by the upper boundary of the ascending channel around 161.30. A break above the channel would lead the pair to hit the all-time high of 162.00, recorded in July 2024.

The initial support lies at the lower boundary of the ascending channel at the nine-day EMA at 158.55. Further declines below this confluence support zone would weaken short-term price momentum and expose the medium-term average at 156.44.

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 strongest against the US Dollar.

USDEURGBPJPYCADAUDNZDCHF
USD-0.28%-0.24%-0.08%-0.05%-0.39%-0.69%-0.28%
EUR0.28%0.12%0.22%0.24%-0.11%-0.28%0.00%
GBP0.24%-0.12%0.17%0.12%-0.23%-0.43%-0.07%
JPY0.08%-0.22%-0.17%0.06%-0.30%-0.43%-0.19%
CAD0.05%-0.24%-0.12%-0.06%-0.34%-0.55%-0.19%
AUD0.39%0.11%0.23%0.30%0.34%-0.20%0.23%
NZD0.69%0.28%0.43%0.43%0.55%0.20%0.36%
CHF0.28%-0.00%0.07%0.19%0.19%-0.23%-0.36%

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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