US dollar vs Japanese yen price forecast: bullish bias above ¥156 as USD/JPY steady

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Usd/jpy gains 0.06% today, trades at ¥156.61

Highlights

USD/JPY trades at ¥156.61, above MA-20 (¥156.19), MA-50 (¥155.91), and MA-200 (¥150.05), confirming a sustained bullish trend across all time frames.
Momentum indicators such as MACD and the Awesome Oscillator signal a strong buy, while RSI (52.65) and ADX (neutral) reflect mild bullish momentum with low volatility.
USD/JPY is expected to consolidate between ¥155.30 and ¥157.00 over the next 5 trading days, with over 80% probability of further upside and firm support at ¥156.07.

Support strengthens as low volatility meets mild bullish momentum

Technical analysis shows the nearest dynamic support is the Ichimoku Kijun at ¥156.07, with the MA-50 providing additional downside support. The closest round-number resistance appears at ¥157. Momentum indicators maintain a moderately positive bias: MACD continues to signal a strong buy, supported by a bullish Awesome Oscillator, while ADX on the daily timeframe remains neutral, reflecting a weak trend. RSI sits mildly bullish at 52.65, and both Stoch RSI (29.46) and CCI (10.15) stay neutral. BBP at 0.26, in the oversold region, still highlights a bias toward buyer dominance, while today's very narrow trading range of ¥156.60 – ¥156.63 confirms low volatility.

Upside momentum expected as consolidation zone narrows

Over the next 5 trading days, USD/JPY is expected to consolidate within a typical volatility band between ¥155.30 and ¥157.00, maintaining a bullish bias above ¥156. The probability of a move higher remains elevated at over 80%, with resistance near ¥157 likely to attract further upside interest. A decisive close above this level could pave the way for new gains, while failure of support at ¥156.07 would expose the next significant downside area around ¥155.30.

Viktoras Karapetjanc, senior expert at Traders Union, notes that USD/JPY is showing robust bullish structure supported by all major moving averages. He sees momentum and sentiment both leaning to the upside, with low volatility suggesting a holding pattern before possible breakout. The analyst believes support at ¥156.07 is pivotal, while resistance at ¥157 could trigger renewed buying if breached. Karapetjanc is constructive on the pair over the coming days. "The market’s persistent bias above ¥156 and strong technical backdrop keep me positive — momentum still points higher as long as core supports hold."

Currently, USD/JPY is trading slightly below its 20-day moving average but remains above both the 50-day and 200-day, reflecting ongoing medium- and long-term bullish structures despite near-term consolidation and weak trend strength signaled by a low ADX. Momentum indicators are mixed, with a strong bullish MACD and supportive oscillators offset by neutral RSI and subdued volatility, while key support is just below the current price and resistance aligns with recent highs.

Source of Data: USD Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.