The USD/JPY currency pair, after almost breaching the significant 150.00 threshold, retreated slightly. As of Monday morning, the pair stands close to this pivotal mark at 149.93.
This temporary pullback is hinged on the anticipation that the US Federal Reserve might uphold the prevailing interest rates for an extended duration at its upcoming meeting.
However, the immediate circumstances are what truly grip the market's attention. A leap beyond the 150.00 mark in the USD/JPY might be interpreted as a cue for Japanese monetary authorities to step in with an intervention. Notably, on 3 October, the greenback soared to 150.16 but experienced a swift descent. The financial fraternity remains in the dark about whether this drop was an outcome of market jitters or a sequence of automated trading orders being triggered.
The decision to implement currency interventions rests upon the perspectives of the Central Bank and the Ministry of Finance.
Technical Analysis: USD/JPY
On this timeframe, USD/JPY managed to hit the predicted peak of its bullish wave at 149.81 before initiating a mild correction to 148.72. Presently, the bullish structure is expanding, targeting 150.77. A recent bullish leg concluded at 149.92, with a consolidation pattern emerging underneath. A bearish adjustment to 149.33 seems plausible before a surge towards 150.15. From this juncture, the upward trajectory might continue to 150.77. The MACD lends technical validation to this forecast. Its signal line, positioned comfortably above the zero benchmark, points definitively northwards, suggesting further elevation.
In the H1 outlook, a consolidation pattern is noticeable around the 149.73 region. The market currently depicts an upward movement towards 149.90. Subsequent movements might see a dip to 149.72 and then a rally to 150.15, potentially leading to 150.77. The Stochastic oscillator backs this analysis. Its signal line, presently above the 80 level, is oriented southwards, targeting the 50 benchmark. An anticipated rebound from this point, followed by an ascent to 80, seems likely.
Conclusion
The USD/JPY continues to flirt with the crucial 150.00 level, inciting speculation about potential intervention by Japanese financial authorities. While recent price movements suggest bullish momentum, traders should remain vigilant and consider both fundamental catalysts and technical signals before making trading decisions.
Before you enter foreign exchange and stock markets, you have to remember that trading currencies and other investment products is trading in nature and always involves a considerable risk. As a result of various financial fluctuations, you may not only significantly increase your capital, but also lose it completely. Therefore, our clients have to assure RoboForex that they understand all the possible consequences of such risks, they know all the specifics, rules and regulations governing the use of investment products, including corporate events, resulting in the change of underlying assets. Client understands that there are special risks and features that affect prices, exchange rates and investment products.
Recommended Content
Editors’ Picks
EUR/USD tests fresh tops above 1.0870 on NFP
The selling bias in the US Dollar gathers extra pace on Friday after the US economy created fewer jobs than initially estimated in February, sending EUR/USD to the area of new highs around 1.0870.
GBP/USD hovers around recent highs above 1.2900
The continuation of the downward trend in the Greenback encourages GBP/USD to maintain the trade just above the 1.2900 mark following the release of US NFP in February.
Gold remains bid above $2,900 after US Payrolls
Gold prices manage to leave behind Thursday’s pullback and revisits the area of $2,920 per troy ounce in the wake of the publication of the US labour market report in February.
White House Crypto Summit could boost adoption across financial markets: Binance exec Rachel Conlan
US President Donald Trump signed an executive order for a Strategic Bitcoin Reserve on Friday, shifting industry leaders’ focus from regulation to adoption. Within just over six weeks of his term, the President is set to host the first Crypto Summit, hosting industry giants and executives from the ecosystem.
February CPI preview: The tariff winds start to blow
Consumer price inflation came out of the gate strong in 2025, but price growth looks to have cooled somewhat in February. We estimate headline CPI rose 0.25% and the core index advanced 0.27%. The moderation in the core index is likely to reflect some giveback in a handful of categories that soared in January.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.