- USD/JPY rises to 157.67, driven by Federal Reserve's commitment to higher rates.
- Technical indicators show strong bullish momentum, with key resistance at 158.00.
- Intervention threats by Japanese authorities keep buyers cautious as pair advances.
The USD/JPY climbs to a four-week high yet it remains capped by intervention threats by Japanese authorities. Federal Reserve officials' tough stance on monetary policy, which was set to keep rates higher for longer, kept the US dollar bid. Therefore, the major rises some 0.30%, trading at 157.67.
USD/JPY Price Analysis: Technical outlook
After breaching stir resistance at the May 23 high of 157.19, the USD/JPY resumed its uptrend, yet buyers seem cautious as the pair advances moderately toward the 158.00 mark. Momentum is still on the buyer’s side, with price action standing above the Ichimoku Cloud (Kumo), the Tenkan-Sen crossing above the Kijun-Sen, and the Relative Strength Index (RSI) standing at bullish territory.
On further strength, the USD/JPY could challenge 158.00. Once surpassed, the next stop would be the April 26 high of 158.44, ahead of 159.00. Further gains lie overhead, like the year-to-date (YTD) high of 160.32.
Conversely, if sellers moved in and pushed prices below the 157.00 figure, that could pave the way for further losses. In that event, support is seen at the Kijun-Sen at 156.48, followed by the Senkou Span A at 156.25, ahead of the Tenkan-Sen at 156.05.
USD/JPY Price Action – Daily Chart
Japanese Yen PRICE Today
The table below shows the percentage change of Japanese Yen (JPY) against listed major currencies today. Japanese Yen was the strongest against the Euro.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.49% | 0.47% | 0.30% | 0.48% | 0.50% | 0.36% | 0.13% | |
| EUR | -0.49% | -0.02% | -0.20% | -0.02% | 0.00% | -0.14% | -0.37% | |
| GBP | -0.47% | 0.02% | -0.18% | -0.01% | 0.02% | -0.10% | -0.34% | |
| JPY | -0.30% | 0.20% | 0.18% | 0.16% | 0.20% | 0.11% | -0.18% | |
| CAD | -0.48% | 0.02% | 0.01% | -0.16% | 0.03% | -0.11% | -0.35% | |
| AUD | -0.50% | -0.01% | -0.02% | -0.20% | -0.03% | -0.14% | -0.33% | |
| NZD | -0.36% | 0.14% | 0.10% | -0.11% | 0.11% | 0.14% | -0.24% | |
| CHF | -0.13% | 0.37% | 0.34% | 0.18% | 0.35% | 0.33% | 0.24% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Japanese Yen from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent JPY (base)/USD (quote).
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
Editors’ Picks
EUR/USD extends recovery beyond 1.0400 amid Wall Street's turnaround
EUR/USD extends its recovery beyond 1.0400, helped by the better performance of Wall Street and softer-than-anticipated United States PCE inflation. Profit-taking ahead of the winter holidays also takes its toll.
GBP/USD nears 1.2600 on renewed USD weakness
GBP/USD extends its rebound from multi-month lows and approaches 1.2600. The US Dollar stays on the back foot after softer-than-expected PCE inflation data, helping the pair edge higher. Nevertheless, GBP/USD remains on track to end the week in negative territory.
Gold rises above $2,620 as US yields edge lower
Gold extends its daily rebound and trades above $2,620 on Friday. The benchmark 10-year US Treasury bond yield declines toward 4.5% following the PCE inflation data for November, helping XAU/USD stretch higher in the American session.
Bitcoin crashes to $96,000, altcoins bleed: Top trades for sidelined buyers
Bitcoin (BTC) slipped under the $100,000 milestone and touched the $96,000 level briefly on Friday, a sharp decline that has also hit hard prices of other altcoins and particularly meme coins.
Bank of England stays on hold, but a dovish front is building
Bank of England rates were maintained at 4.75% today, in line with expectations. However, the 6-3 vote split sent a moderately dovish signal to markets, prompting some dovish repricing and a weaker pound. We remain more dovish than market pricing for 2025.
Best Forex Brokers with Low Spreads
VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.