USD/JPY Near 158.00: Is This the Calm Before a Market-Stunning Storm?
Ever wonder how the USD/JPY can inch higher by almost 0.25% even as risk appetite takes a nosedive late in the New York session? It’s a curious dance, especially when President Trump throws in a hint towards de-escalating conflicts, yet the markets seem to march to their own beat. As I watch the pair trading around 158.07—about 80 pips above where it started—I’m reminded that forex isn’t just numbers; it’s a living, breathing beast reacting to whispers and shocks alike. The tech signals aren’t painting a rosy picture either—a shooting star candle and a quick dip to a three-day low suggest sellers still lurk in the shadows, even as the RSI shows buyers gearing up for a charge nearing overbought territory. Will USD/JPY break through the March 9 high and enter a tricky intervention zone? Or will the sellers claim the day and push it below 158.00? These push-pulls keep traders on their toes and wallets ready. Curious to unpack the full story with charts, technical forecasts, and a peek at how the Yen stacks up this week? LEARN MORE
The USD/JPY edges higher on Tuesday, rising nearly 0.25% as risk appetite deteriorated late in the New York session, even though the US President Donald Trump hinted a de-escalation of the conflict. At the time of writing the pair trades at 158.07 some 80 pips above its opening price.
USD/JPY Price Forecast: Technical outlook
The technical picture is slightly bearish with the USD/JPY registering a shooting star candle on Monday. Although Tuesday’s price action formed a bullish candle, revealed that sellers drove prices to a three-day low of 157.27, which opens the door for further downside.
The Relative Strength Index (RSI) shows that buyers are gathering steam, about to reach overbought territory.
If USD/JPY resumes its uptrend, the first area of interest would be the March 9 high at 158.90. Once surpassed the pair will enter potential intervention zone by Japanese authorities and the Bank of Japan at around 159.00-160.00.
Conversely, if sellers stepped in, driving the USD/JPY below 158.00, it clears the path for further downside. The next demand zone will be the March 5 swing low of 156.46, ahead of the 50-day Simple Moving Average (SMA) at156.20, ahead of the 100-day SMA At 155.68.
USD/JPY Price Chart — Daily
Japanese Yen Price This week
The table below shows the percentage change of Japanese Yen (JPY) against listed major currencies this week. Japanese Yen was the strongest against the US Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.55% | -0.58% | 0.00% | -0.16% | -1.90% | -1.06% | -0.14% | |
| EUR | 0.55% | -0.05% | 0.55% | 0.37% | -1.37% | -0.54% | 0.40% | |
| GBP | 0.58% | 0.05% | 0.62% | 0.42% | -1.33% | -0.49% | 0.44% | |
| JPY | 0.00% | -0.55% | -0.62% | -0.13% | -1.87% | -1.05% | -0.10% | |
| CAD | 0.16% | -0.37% | -0.42% | 0.13% | -1.75% | -0.91% | 0.02% | |
| AUD | 1.90% | 1.37% | 1.33% | 1.87% | 1.75% | 0.84% | 1.80% | |
| NZD | 1.06% | 0.54% | 0.49% | 1.05% | 0.91% | -0.84% | 0.94% | |
| CHF | 0.14% | -0.40% | -0.44% | 0.10% | -0.02% | -1.80% | -0.94% |
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).
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