USD/JPY Price Forecast: Clears 150.00 underpinned by US yields surge

Source Fxstreet
  • USD/JPY rallies over 0.8% as US yields jump and risk sentiment improves.
  • Price clears 150.00 and Kijun-Sen, RSI momentum favors further upside for bulls.
  • 151.80–152.70 range now key resistance; failure to hold 150 risks deeper pullback.

The USD/JPY pair surged on Monday and climbed above the 150.00 mark for the first time since early March as tariff fears faded and US Treasury bond yields skyrocketed, pushing the major for over 0.81%.

USD/JPY Price Forecast: Technical outlook

The USD/JPY cleared key resistance levels on Monday: first, the Kijun-Sen at 149.47, followed by the 150.00 figure. Buyers are gathering momentum, as depicted by the Relative Strength Index (RSI) punching through the 50 neutral line, suggesting that bulls could push prices past key strong resistance levels.

The 200-day and 50-day Simple Moving Averages (SMAs) confluence, at 151.79/82, respectively, emerges as a crucial ceiling and could be tested in the near term. If surpassed, the next significant resistance level would be the Senkou Span B, at 152.71.

Conversely, if USD/JPY retreats below 150.00, immediate support would be the Kijun-Sen and the Senkou Span A at 149.28. A breach of the latter will expose the Tenkan-Sen at 149.08.

USD/JPY Price Chart – Daily

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   0.15% -0.04% 0.84% -0.24% -0.15% 0.16% 0.02%
EUR -0.15%   -0.30% 0.18% -0.34% -0.33% 0.05% -0.09%
GBP 0.04% 0.30%   0.88% -0.68% -0.06% 0.36% 0.10%
JPY -0.84% -0.18% -0.88%   -1.08% -1.01% -0.65% -0.83%
CAD 0.24% 0.34% 0.68% 1.08%   0.14% 0.41% 0.26%
AUD 0.15% 0.33% 0.06% 1.01% -0.14%   0.39% 0.23%
NZD -0.16% -0.05% -0.36% 0.65% -0.41% -0.39%   -0.08%
CHF -0.02% 0.09% -0.10% 0.83% -0.26% -0.23% 0.08%  

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).

 

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Bitcoin Price Prediction: BTC Breaks $80,000 Mark, What Does It Mean? On August 24, Bitcoin (BTC) prices continued to fluctuate lower, edging up just 0.1% on the day to trade at $77,176. Last Friday (August 21), Bitcoin prices surged toward the $80,000 mark
Author  TradingKey
11 hours ago
On August 24, Bitcoin (BTC) prices continued to fluctuate lower, edging up just 0.1% on the day to trade at $77,176. Last Friday (August 21), Bitcoin prices surged toward the $80,000 mark
placeholder
TradingKey Daily Market Briefing: Gold Tops $4,600, Bitcoin Surges as Market Focuses on Nvidia Earnings and Jackson Hole MeetingTracking Market TrendsTradingKey - On August 21 Eastern Time, the three major U.S. stock indices closed higher across the board, but still recorded losses for the week. After experiencing volatility i
Author  TradingKey
18 hours ago
Tracking Market TrendsTradingKey - On August 21 Eastern Time, the three major U.S. stock indices closed higher across the board, but still recorded losses for the week. After experiencing volatility i
placeholder
Crypto Today: Bitcoin, Ethereum, XRP bulls accelerate rally amid rising ETF inflowsThe cryptocurrency market remains bullish on Friday, led by Bitcoin’s (BTC) surge above $77,000. Altcoins, including Ethereum (ETH) and Ripple (XRP), mirror BTC’s positive outlook, trading near $2,400 and $1.35, respectively.
Author  FXStreet
Aug 21, Fri
The cryptocurrency market remains bullish on Friday, led by Bitcoin’s (BTC) surge above $77,000. Altcoins, including Ethereum (ETH) and Ripple (XRP), mirror BTC’s positive outlook, trading near $2,400 and $1.35, respectively.
placeholder
Ethereum Price Prediction: ETH Breaks $2,300 in Five-Day Streak; How Long Can the Bull Rally Last? Ethereum rallies for five consecutive sessions, targeting $2,800 next.On August 21, Ethereum (ETH) extended its rally, breaking through the $2,300 mark to reach $2,362, hitting its highes
Author  TradingKey
Aug 21, Fri
Ethereum rallies for five consecutive sessions, targeting $2,800 next.On August 21, Ethereum (ETH) extended its rally, breaking through the $2,300 mark to reach $2,362, hitting its highes
placeholder
Bitcoin Price Prediction: Bitcoin Tops $75,000, Will the Price Continue to Rise?As of the Asian session on August 21, Bitcoin (BTC) price briefly surged past $75,000 intraday, reaching a daily high of $75,897.34, with its weekly cumulative gain exceeding 20%, marking
Author  TradingKey
Aug 21, Fri
As of the Asian session on August 21, Bitcoin (BTC) price briefly surged past $75,000 intraday, reaching a daily high of $75,897.34, with its weekly cumulative gain exceeding 20%, marking
Related Instrument
goTop
quote