USD/JPY is the forex ticker that shows the value of the US Dollar against the Japanese Yen. It tells traders how many Yen are needed to buy a US Dollar. The Dollar-Yen is one of the most traded forex pairs - second only to EUR/USD - and is a benchmark for Asian economic health and even the global economy. View the live Dollar-Yen rate with the USD/JPY chart and improve your technical and fundamental analysis with the latest USD/JPY forecast, news and analysis.
From a technical perspective, last week's swing high, around the 151.85 region, could act as an immediate hurdle. Some follow-through buying beyond the multi-decade high, around the 152.00 mark touched in November 2022, will be seen as a fresh trigger for bullish traders. The USD/JPY pair might then build on its well-established uptrend witnessed since January 2023. On the flip side, the 151.00 mark now seems to have emerged as strong support, below which spot prices could accelerate the fall to the 150.25 region. This is followed by the 150.00 psychological mark, which, if broken, will expose the next relevant support near the 149.35-149.30 region before the pair eventually drops to the 149.00 round-figure mark.
From a technical perspective, last week's swing high, around the 151.85 region, could act as an immediate hurdle. Some follow-through buying beyond the multi-decade high, around the 152.00 mark touched in November 2022, will be seen as a fresh trigger for bullish traders. The USD/JPY pair might then build on its well-established uptrend witnessed since January 2023. On the flip side, the 151.00 mark now seems to have emerged as strong support, below which spot prices could accelerate the fall to the 150.25 region. This is followed by the 150.00 psychological mark, which, if broken, will expose the next relevant support near the 149.35-149.30 region before the pair eventually drops to the 149.00 round-figure mark.