USD/JPY Price Analysis: Holds above 150.00 ahead of the weekend

USD/JPY advances to 150.16, lifted by US inflation figures and positive consumer outlook.
Fed's Bostic and Daly call for a cautious stance on rate cuts, advocating patience.
Technical outlook suggests bullish potential for USD/JPY, eyeing targets beyond 151.00 with key supports in focus.

Christian Borjon Valencia FXStreet

The USD/JPY is set to finish the day and the week positively, with the major clinging above the 150.00 figure, posting daily gains of 0.16%, exchanging hands at 150.16.

Fundamentally speaking, Friday’s data suggests inflation in the United States (US) is stickier than expected, as shown by the latest Producer Price Index (PPI) report, with the headline and underlying PPI exceeding the consensus and the previous month’s reading. Despite this, the latest Consumer Sentiment report, showed Americans remain optimistic about the economic outlook, despite upward revising inflation expectations for one year.

Given this backdrop, Federal Reserve officials Bostic and Daly acknowledged the progress on inflation but remained cautious about providing a timetable for interest rate cuts. Both suggested that patience is required before the Fed begins its easing cycle.

From a technical standpoint, the USD/JPY is neutral to upward biased after peaking at around the 150.00-150-88 area following the release of US inflation figures. For a bullish continuation, buyers must lift the exchange rate above 151.00, followed by the November 13 high at 151.91, before challenging 152.00.

Conversely, if USD/JPY drops below 150.00, the first support would be the Tenkan-Sen at 149.25. The next support would be the Senkou Span A at 148.43, followed by the 148.00 figure. Downside risks emerge at the Kijun-Sen level at 147.62.

USD/JPY Price Action – Daily Chart

USD/JPY

Overview
Today last price	150.24
Today Daily Change	0.29
Today Daily Change %	0.19
Today daily open	149.95

Trends
Daily SMA20	148.44
Daily SMA50	145.73
Daily SMA100	147.55
Daily SMA200	145.29

Levels
Previous Daily High	150.63
Previous Daily Low	149.52
Previous Weekly High	149.58
Previous Weekly Low	147.63
Previous Monthly High	148.81
Previous Monthly Low	140.81
Daily Fibonacci 38.2%	149.95
Daily Fibonacci 61.8%	150.21
Daily Pivot Point S1	149.44
Daily Pivot Point S2	148.93
Daily Pivot Point S3	148.34
Daily Pivot Point R1	150.54
Daily Pivot Point R2	151.14
Daily Pivot Point R3	151.65

Author

Christian Borjon Valencia

FXStreet

Markets analyst, news editor, and trading instructor with over 14 years of experience across FX, commodities, US equity indices, and global macro markets.

EUR/USD climbs to daily highs near 1.1820

EUR/USD now picks up pace and advances to the area of daily peaks north of the 1.1800 barrier at the end of the week. The pair’s decent move higher comes against the backdrop of a generalised lack of direction in the FX galaxy and the mild offered stance in the US Dollar.

GBP/USD trims losses, retests 1.3460

After briefly challenging its key 200-day SMA near 1.3440, GBP/USD now manages to regain some balance and revisit the 1.3460 zone on Friday. Cable’s pullback comes as the selling pressure on the Greenback gathers traction, reigniting some recovery in the risk-linked space.

Gold flirts with four-week highs past $5,200

Gold extends its rebound, climbing for a third consecutive session and pushing back above the $5,200 mark per troy ounce on Friday. The move higher continues to draw support from lingering geopolitical tensions and the ongoing uncertainty surrounding US trade policy, both of which are keeping safe-haven demand firmly in play.

Bitcoin, Ethereum and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Changing the game: International implications of recent tariff developments

The Supreme Court ruling on International Emergency Economic Powers Act (IEEPA) tariffs provides limited relief for the rest of the world, with weighted average tariff rates modestly lower.

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.