USD/JPY hits three-week highs above 137.00, extends weekly gains to more than 350 pips


  • Japanese yen is among the worst performers on Friday amid high yields.
  • US dollar holds onto strong weekly gains amid Fed expectations.
  • USD/JPY heads for the second highest weekly close in decades.

The USD/JPY rose further during the American session and climbed to 137.23, reaching the highest level in three weeks. The pair remains near the highs holding onto strong weekly gains.

The Japanese yen is falling across the board on Friday while the US dollar is stronger. Higher yields weighed on JPY that failed to benefit from risk aversion.  The Dow Jones is falling 0.88% and the Nasdaq 2.09%.

The greenback, measured by the DXY, trades at one-month highs above 108.00, up 0.56% for the day supported by expectations about the Federal Reserve. Market participants continue to see more rate hikes after the latest round of economic data and following the FOMC minutes.

Uptrend intact

From a week ago, USD/JPY is up by more than 350 pips. It is about to post the second highest close in decades. The bullish long-term trend stays intact. The next resistance is seen at 137.80 followed by 138.80, the multi-year high at 139.40 and then attention would turn to 140.00.

The weekly chart shows the pair found support above the 20-week Simple Moving Average, currently at 132.00.  A close below should point to a weaker dollar. While above, the bias is to the upside.

USD/JPY weekly chart

USDJPY

USD/JPY

Overview
Today last price 137.21
Today Daily Change 1.32
Today Daily Change % 0.97
Today daily open 135.89
 
Trends
Daily SMA20 134.41
Daily SMA50 135.43
Daily SMA100 131.83
Daily SMA200 123.68
 
Levels
Previous Daily High 135.9
Previous Daily Low 134.65
Previous Weekly High 135.58
Previous Weekly Low 131.73
Previous Monthly High 139.39
Previous Monthly Low 132.5
Daily Fibonacci 38.2% 135.42
Daily Fibonacci 61.8% 135.13
Daily Pivot Point S1 135.06
Daily Pivot Point S2 134.23
Daily Pivot Point S3 133.8
Daily Pivot Point R1 136.31
Daily Pivot Point R2 136.73
Daily Pivot Point R3 137.57

 

 

Share: Feed news

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Recommended content


Recommended content

Editors’ Picks

EUR/USD climbs to weekly highs, retargets 1.0450

EUR/USD climbs to weekly highs, retargets 1.0450

The selling pressure around the US Dollar now gathers extra steam, allowing EUR/USD to extend its breakout of the 1.0400 barrier and clinch weekly tops around the 1.0440 zone.

EUR/USD News
GBP/USD advances past 1.2500, new multi-day peaks

GBP/USD advances past 1.2500, new multi-day peaks

GBP/USD is gaining further upside momentum, breaking past the key 1.2500 level to reach new multi-day highs in response to increased selling pressure on the Greenback.

GBP/USD News
Gold extends its momentum beyond $2,900

Gold extends its momentum beyond $2,900

Gold prices now extend the recent breakout of the key $2,900 mark per ounce troy on the back of persistent weakness in the US Dollar and diminishing US yields across the curve.

Gold News
Bitcoin retail traders remain fearful, here’s why BTC could test all-time high

Bitcoin retail traders remain fearful, here’s why BTC could test all-time high

Bitcoin retail traders and small wallet holders reduce their holdings amidst fear of a steeper correction in the largest cryptocurrency by market capitalization. BTC price consolidates below the $100,000 level on Thursday, erasing less than 2% of its value on the day. 

Read more
Tariffs likely to impart a modest stagflationary hit to the economy this year

Tariffs likely to impart a modest stagflationary hit to the economy this year

The economic policies of the Trump administration are starting to take shape. President Trump has already announced the imposition of tariffs on some of America's trading partners, and we assume there will be more levies, which will be matched by foreign retaliation, in the coming quarters.

Read more
The Best Brokers of the Year

The Best Brokers of the Year

SPONSORED Explore top-quality choices worldwide and locally. Compare key features like spreads, leverage, and platforms. Find the right broker for your needs, whether trading CFDs, Forex pairs like EUR/USD, or commodities like Gold.

Read More

Forex MAJORS

Cryptocurrencies

Signatures

Best Brokers of 2025