- Analytics
- News and Tools
- Market News
- USD/JPY Forecast: Buyers aim to challenge the December high at 158.07
USD/JPY Forecast: Buyers aim to challenge the December high at 158.07
- Tepid Chinese data weighed on the market’s mood at the beginning of the day.
- Expectations for higher US Treasury yields undermine demand for the JPY.
- USD/JPY trades near the multi-month high posted in December and aims to break higher.
The USD/JPY pair traded as high as 157.84 on Thursday, holding not far from the December multi-month high of 158.07 by the end of the day. Market participants kept the focus on US political uncertainty as former President Donald Trump gears up to retake office while geopolitical tensions in the Middle East continue.
The Japanese yen suffered from mounting speculation that the upcoming Trump presidency will keep inflationary pressures up, resulting in the Federal Reserve keeping interest rates higher for longer. In its December statement, the US Central Bank has already hinted at just two potential rate cuts this year, halving the four cuts foreseen three months previously. Expectations of higher Treasury yields maintained the Greenback on the winning side.
Tepid Chinese data released at the beginning of the day spurred the sour mood. The country’s December Caixin Manufacturing PMI was confirmed at 50.5, down from the previous 51.7 and missing the 51.7 expected by market players.
USD/JPY Technical Outlook
USD/JPY posted a higher high and a higher low on a daily basis, supporting a bullish continuation, particularly if the pair overcomes the December high of 157.92 (December 20). Gains beyond the latter expose the weekly top of 158.85 (July 16). Further up, the 2024 peak of 161.95 (July 3) comes before the round level of 162.00. The initial support lies at the aforementioned intraday low, followed by the key 200-day SMA at 152.29, which precedes the December low of 148.63 (December 3) and the weekly low of 141.64 (September 30). If this level is breached, the market may fall to the 2024 bottom of 139.57 (September 16). In the 4-hour chart, the RSI aims north at around 56, indicating additional gains are likely in the near term.
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 British Pound.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.90% | 1.19% | 0.14% | 0.14% | -0.18% | 0.06% | 0.67% | |
| EUR | -0.90% | 0.22% | -0.68% | -0.77% | -1.03% | -0.87% | -0.22% | |
| GBP | -1.19% | -0.22% | -0.94% | -1.03% | -1.35% | -1.11% | -0.55% | |
| JPY | -0.14% | 0.68% | 0.94% | -0.08% | -0.40% | -0.22% | 0.39% | |
| CAD | -0.14% | 0.77% | 1.03% | 0.08% | -0.32% | -0.12% | 0.51% | |
| AUD | 0.18% | 1.03% | 1.35% | 0.40% | 0.32% | 0.16% | 0.63% | |
| NZD | -0.06% | 0.87% | 1.11% | 0.22% | 0.12% | -0.16% | 0.68% | |
| CHF | -0.67% | 0.22% | 0.55% | -0.39% | -0.51% | -0.63% | -0.68% |
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).
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
