Today, USDJPY showed a robust bullish movement, with the daily candle starting at 151.20 and the current price at 154.40. The pair is trading above the 50 EMA and 200 EMA, acting as dynamic supports. We’ve identified immediate short-term support levels at 153.20 and 149.60, while key resistance levels are active at 155.40 and 158.40.
USD to JPY Forecast:
In upcoming sessions, USD/JPY may rise to the 155.40 level. If it maintains stability there, we could see a further move toward 158.40. However, before reaching these bullish targets, the price might retrace slightly to retest the 153.30 level.
We maintain a bullish outlook for USDJPY in the current scenario.
