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
Finding The Best Japan Stocks to Buy? These are Top Japanese Companies to Watch Discover the best Japanese stocks to buy, including AI semiconductor leaders, Buffett-backed trading houses, and undervalued Japan stocks benefiting from corporate reforms and yen trends.
Author  Mitrade
May 29, Fri
Discover the best Japanese stocks to buy, including AI semiconductor leaders, Buffett-backed trading houses, and undervalued Japan stocks benefiting from corporate reforms and yen trends.
placeholder
Bitcoin Price Forecast: BTC risks losing $70,000 as AI and chip rally steal the spotlightBitcoin (BTC) edges below $73,000 at press time on Monday, extending its decline under the prevailing downside pressure from three consecutive weeks of losses.
Author  FXStreet
Jun 01, Mon
Bitcoin (BTC) edges below $73,000 at press time on Monday, extending its decline under the prevailing downside pressure from three consecutive weeks of losses.
placeholder
WTI rises to near $93.00 as Iran launches missiles toward Kuwait, BahrainWest Texas Intermediate (WTI) gains ground for the third successive day, trading around $92.90 per barrel during the Asian hours on Wednesday.
Author  FXStreet
Yesterday 01: 24
West Texas Intermediate (WTI) gains ground for the third successive day, trading around $92.90 per barrel during the Asian hours on Wednesday.
placeholder
Forex Today: US Dollar stays resilient ahead of key US dataHere is what you need to know on Wednesday, June 3:
Author  FXStreet
Yesterday 10: 27
Here is what you need to know on Wednesday, June 3:
placeholder
Bitcoin drops below $65K amid reinforced bear market signalsBitcoin (BTC) dipped further below $65,000 on Wednesday, with onchain data from Glassnode signaling a market firmly in a bear phase. The decline has pushed prices back into a key valuation range between the Realized Price and the True Market Mean.
Author  FXStreet
11 hours ago
Bitcoin (BTC) dipped further below $65,000 on Wednesday, with onchain data from Glassnode signaling a market firmly in a bear phase. The decline has pushed prices back into a key valuation range between the Realized Price and the True Market Mean.
Related Instrument
goTop
quote