USD/JPY forecast for today by Traders Union analysts
The USD/JPY is one of the most popular pairs among Forex traders. The USD/JPY forecast for today is prepared by the analytical department of Traders Union based on the technical analysis of the price: support and resistance levels and also Forex indicators.
USD/JPY continues to assault 155.70 resistance
26.04.2024
The Japanese yen remains unpopular with investors and the U.S. dollar continues to assault 155.70 resistance against it. The Bank of Japan is unlikely to raise the interest rate level, but any means of monetary tightening may cause a short-term growth of the yen. The U.S. dollar may be bought on decline, but the threat of intervention by the Bank of Japan remains relevant.
USD/JPY moves higher
25.04.2024
The Japanese yen is still under pressure from sellers, against which U.S. dollar bulls have broken 154.85 resistance, the level of 155.00, and tested the level of 155.35. The pair is in a steady uptrend, but as the Japanese Finance Minister warned, currency intervention to support the yen is possible at any moment.
USD/JPY continues to trade near 154.55
24.04.2024
The U.S. dollar continues to trade near 154.55 resistance against the Japanese yen. Threats of intervention from the Japanese Ministry of Finance make investors nervous, but the downward spikes continue to attract buying interest. Market participants doubt that intervention will occur before the upcoming Bank of Japan meeting this week, so bulls continue, albeit feeble, attempts to break resistance. Thus, they may reach the 155.00 level, but, as mentioned earlier, with each move higher, the risks of intervention increase.
USD/JPY is moving higher
23.04.2024
In the pair with the Japanese yen, the U.S. dollar passed through 154.72 resistance and tested the level of 154.83. The volatility in the pair is extremely low, but bulls may well test the level of 155.00. The pair's prospects are constructive, but the risks of the Bank of Japan’s intervention remain high.
USD/JPY also bought on decline
22.04.2024
The Japanese yen was likewise bought amid risk-off sentiment, causing the U.S. dollar to drop to 153.60 against it, but it soon rebounded to 154.65 resistance amid the yen's ongoing weakness. Breaking robust 151.80 resistance suggests a strengthening of the upward momentum and testing of at least 155.00. However, the risks of intervention by Japan's Ministry of Finance have significantly increased, so bulls should exercise extreme caution.
USD/JPY returned to resistance
19.04.2024
As expected, the decline of the U.S. dollar against the Japanese yen was again used for buying, thanks to which the dollar, rebounding from support at 154.10-154.00, returned to resistance at 154.65. The pair's outlook remains constructive, with bulls potentially attempting to break current highs. Failure will result in the liquidation of long positions and a decline to the aforementioned support at least. A confident breakout of resistance will lead to a growth toward 155.00. Risks of intervention persist.
The Dollar/Japanese yen fails to break resistance
18.04.2024
In the USD/JPY pair, the U.S. dollar failed to break resistance at 154.70, resulting in its decline to 154.20 support. There are no signs of a trend reversal at the moment, but this does not rule out a decline toward 154.00-153.90. Breaking 154.45 will lead to a growth toward current highs.
The Dollar/Yen is approaching 155.00
17.04.2024
The growth of the U.S. dollar against the Japanese yen continues, and after breaking 154.40 support, the U.S. dollar tested the support level of 154.75. Each dip is used for buying, which indicates the bulls’ intention to test 155.00; the loss of the support level of 154.50 will lead to a decline toward 154.20-154.00. The risks of intervention by the Bank of Japan are increasing.
The dollar/yen continues to grow
16.04.2024
With another attempt, the USD bulls broke the resistance at 153.30 and tested the resistance at 154.40 in the pair with the Japanese Yen. The Bank of Japan's lack of reaction to the yen's fall encourages the bulls to buy, but the lower the yen falls, the higher the risks of intervention. The bulls may test the 154.60-154.80 levels next.
The dollar/yen continues to try to break through the resistance at 153.30
15.04.2024
The US dollar bulls continue to storm the resistance around 153.30 in the pair with the Japanese yen, but so far, without success. The fall to the 152.60 level on Friday was used for buying, and at the moment, the probability of breaking the resistance and rising towards 153.50-153.70 remains high; a loss of support at 153.00-152.80 would lead to a decline toward 152.50-152.10.
Dollar/yen storms the resistance at 153.30
12.04.2024
In the pair with the Japanese yen, the US dollar tried to break through the resistance near the level of 153.30, but all attempts were unsuccessful. Support is near the level of 152.80, above which there is a potential to break the resistance and the pair's growth in the direction of 153.50-154.00; loss of support will lead to a decline in the direction of 152.60-152.30.
The dollar/yen broke through strong resistance
11.04.2024
The acceleration of inflation in the U.S. triggered dollar purchases against the Japanese yen, which broke the resistance around 151.90-152.00 and tested the level of 153.22. Breaking the resistance suggests a rise towards 160.00 in the long term, but a fall in the yen increases the risks of intervention by the Bank of Japan.
The dollar/yen is still in a consolidation phase
10.04.2024
The US dollar is still trading below the 151.90 level when paired with the Japanese yen. Yesterday, after testing this resistance, it declined to 151.60 support, where buying interest remained. If US inflation accelerates, bulls may try to break towards 152.00 again; a slowdown in inflation could favor a decline towards 151.30-151.00. The yen will remain vulnerable in an interest rate differential environment.
The dollar/yen continues to enjoy modest demand
09.04.2024
The US dollar continues to consolidate in the pairing with the Japanese yen, with the bulls not abandoning their attempts to break through the resistance around 151.90-152.00. The yen remains in a vulnerable position on the background of interest rate differential, and the bulls can still break through the resistance. However, further advance of the pair above will increase the risks of intervention by the Bank of Japan. A loss of 151.50 support will lead to a decline towards 151.10/00.
The dollar/yen continues to attack resistance
08.04.2024
After falling to support at 150.85, the US dollar was bought for the Japanese yen, which brought it back to resistance at 151.70. Thus, the upside potential of USD/JPY to at least 152.00 remains; a loss of 151.45 support will lead to a decline towards 151.20-151.00. Failure to break through 152.00 increases the risks of a larger correction.
Dollar/yen declines on anti-risk sentiment
05.04.2024
The flight of investors and risk assets contributed to the emergence of moderate demand for the Japanese yen, against which the dollar failed to break the resistance around 151.70 and, being under pressure, declined to the support at 151.15. Its decline can still be used for buying; the loss of the current support will lead to a decline towards 150.80-150.60.
Dollar/yen sold from 151.93 level
04.04.2024
Another attempt by the USD bulls to break the resistance around 151.80 also failed. After testing the 151.93 level, the dollar retreated to the 151.60 support. Nevertheless, its prospects remain constructive, and the bulls may try again to break to 152.00. Failure to break 151.80 would entail a loss of support and a decline towards 151.40-151.20.
Dollar/yen trades unchanged
03.04.2024
The US dollar is still consolidated in the pair with the Japanese yen. Another attempt by the bulls to break through the resistance at around 151.80 failed, but the support at 151.45 successfully held back the bears' onslaught. The pair's prospects remain constructive, but the bulls' inability to break through the resistance increases the risks of breaking through the above support and falling to 151.10-151.00.
Dollar/yen tests 151.75
02.04.2024
In the pair with the Japanese Yen, the consolidation after a decline to support around 151.20-151.00 also ended with a break of resistance, in this case around 151.50, and a rise to 151.75. The yen remains in a vulnerable position, but the proximity of historical highs and the threat of BoJ intervention still pose risks to liquidating long positions on the upside.
Dollar/yen under pressure
01.04.2024
In the pair with the Japanese yen, the US dollar remains under selling pressure, but the bears are not able to break the support at 151.20-151.00. The bulls, in turn, cannot break through the resistance around 151.50, which increases the risk of breaking the support and developing a larger correction; passing the resistance will lead to growth to the 152.00 level.
Dollar/yen trades unchanged
29.03.2024
Consolidation of the US dollar in the pair with the Japanese yen continues. It was sold on the rise to the 151.96 level and bought back on the fall to the 151.05 support and is now trading back within the 151.40 level. The outlook for the dollar remains constructive, but fears of intervention from the Bank of Japan may limit the upward potential and become a reason to liquidate longs.
The dollar/yen failed to break through 151.80 again
28.03.2024
Due to fears of intervention, the US Dollar sold off for the Japanese Yen in another attempt to break the resistance around 151.80, causing it to decline to support near 151.00. At current levels, intervention from the BoJ is unlikely, so the dollar's decline can still be used to buy and test the aforementioned resistance; a loss of support would lead to a decline towards 150.60-150.30.
The dollar/yen consolidates in a narrow range
27.03.2024
Demand for the US dollar in the pair with the Japanese yen remains, so after another pullback to the support at 151.20, the bulls are testing the resistance at 151.60 again. The pair is in a consolidation phase, with the probability of breaking through the resistance at 151.80 and testing the level of 152.00 remaining high. Loss of support at 151.10 will lead to a decline towards 150.50-150.30.
The dollar/yen maintains a positive bias
26.03.2024
For the Japanese Yen, the US dollar continues to buy back from support at around 151.10, and the bulls tested resistance at 151.50 again. The yen is still in a vulnerable position. Still, the Japanese Ministry of Finance again talked about a possible intervention to stabilize the national currency, which may cool the fervor of the bulls on the dollar/yen and become a reason to liquidate long positions, but not necessarily from the current levels. Breaking of resistance will lead to growth in the direction of 152.00-152.50; loss of support will lead to a decline in the direction of 150.40-150.00.
The dollar/yen is still in demand on the decline
25.03.2024
The decision of the Bank of Japan did not convince the bulls on the yen to resume its purchases, so the decline in the US dollar pair was limited by the support near the level of 151.00, and the bulls did not leave attempts to break through the resistance near 151.60-151.80. Nevertheless, failure to absorb the ofer near these levels will entail long liquidation and decline towards 150.50-150.30; a confident break of resistance will lead to growth towards 152.50. At current levels, dollar/yen bulls should be extremely cautious.
The dollar/yen is back to strong resistance
22.03.2024
The US dollar bought on the fall against the Japanese yen to the support around 150.30, and the bulls tested again the resistance around 151.80, which increases the chances of breaking it and rising towards 152.00 as a minimum, but at the current levels, which represent the historical highs, the bears may become active again.
Dollar/yen sold off on the FOMC
21.03.2024
The US dollar continued to rise yesterday against the Japanese yen and tested resistance at 151.80, but the Fed's intention to lower interest rates three times this year triggered its selling and a fall to the support at 150.75. Buying from this level brought the dollar back to the resistance at 151.40, again under pressure. Below this level, downside risks to 151.00-150.80 will prevail, but the yen could remain vulnerable, so dollar/yen bears should be extremely cautious.
Dollar/yen grows on the decision of the Bank of Japan
20.03.2024
The Bank of Japan's intention to move away from the policy of negative rates did not inspire speculators to buy the yen. Moreover, it was subjected to a wave of sell-offs, on the background of which the US dollar rose to the current level of 150.95. At current levels, there is a risk of bears' activation and the dollar's decline towards 150.40-150.00; a confident break of resistance will lead to growth towards 151.50.
Dollar/yen awaiting the decision of the Bank of Japan
19.03.2024
The US dollar continues to be in demand in the pair with the Japanese yen, but the bulls cannot break through the resistance near 149.30. The Bank of Japan's rejection of the ultra-soft policy may provoke Yen purchases and the dollar's decline towards 148.20-148.00 at least; otherwise, the dollar may break the resistance and test 149.60-149.80.
The dollar/yen ended the week with growth
18.03.2024
The fall of the US dollar against the Japanese yen to the support of 148.20/10 was used for buying, on the background of which the bulls broke the resistance of 148.50 and tested the resistance of 149.15. This week, there will be a meeting of the Bank of Japan, at which, as some analysts expect, the Central Bank may abandon the ultra-soft policy, which may support the yen and the dollar may fall towards 148.00 at least otherwise, the bulls may push the pair towards the psychological level of 150.00.
USD/JPY chart
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Why is it important to know the USD/JPY price prediction?
The US Dollar / Japanese yen (USD/JPY) currency pair belongs to the group of the best currency pairs for trading, as it is highly liquid. This pair is particularly interesting for scalping and day trading.
The popularity and high liquidity of USD/JPY can be explained by economic factors, as the U.S. and Japan hold key positions in the global economy. Forex market is used to ensure foreign trade transactions. Forex traders can earn their profit on currency price fluctuations.
FAQ
1
What is the USD/JPY price prediction based on?
Traders Union analysts use various methods of technical analysis:
indicators, support and resistance levels, patterns, etc.
2
What is technical analysis in the Forex market?
Technical analysis is a method of predicting the price movement of a currency pair based on the patterns in the past. It is believed that traders act in the same way under the same circumstances, which is reflected in the price chart.
3
How accurate is the USD/JPY price prediction?
One needs to understand that nobody can give a 100% guarantee. However, Traders Union price predictions are rather accurate, as they take into consideration a combination of factors. Also, the analysts try to provide two versions of development of events: the basic and an additional one.
4
What impacts Japanese yen price against the US dollar
The price of the Japanese yen against the US dollar forms under the influence of economic and speculative factors. Here are some of them:
- Policies of the Central banks of the U.S. and Japan;
- Dynamics of export-import transactions of the two countries;
- Level of inflation;
- Overall situation in the global financial markets;
- Latest Forex trends.
- Policies of the Central banks of the U.S. and Japan;
- Dynamics of export-import transactions of the two countries;
- Level of inflation;
- Overall situation in the global financial markets;
- Latest Forex trends.