USD/JPY Climbs Over 0.90% to 144.54
- The USD/JPY pair has surged by over 0.90%, reaching 144.54, driven by a spike in the US 10-year Treasury yield.
- Despite the recent uptick, the pair continues to exhibit a downward trajectory, maintaining its position below the Ichimoku Cloud and the 200-day moving average.
- The Relative Strength Index (RSI) has crossed above the neutral line, indicating the potential for further gains in the short term.
Key Levels to Watch
- Resistance levels: The pair faces a crucial resistance at 145.00, followed by 146.73 (50-DMA) and 147.00.
- Support levels: In case of a decline below 144.00, support levels can be found at 143.39 (Kijun-Sen), 142.76 (Senkou Span A), and 142.13 (Tenkan-Sen).
Amid the North American trading session, the USD/JPY has seen a notable increase, climbing over 0.90% as the US Dollar mounts a strong recovery. This surge in the US 10-year T-note yield has propelled the pair to trade at 144.54 currently.
Technical Outlook for USD/JPY
Despite the recent rally, the USD/JPY maintains a bearish bias, staying below the Ichimoku Cloud (Kumo) and the 200-day moving average (DMA).
The RSI’s move above the neutral line suggests a potential for further upside in the near future.
Looking ahead, the next resistance levels for USD/JPY are at 145.00, 146.73 (50-DMA), and 147.00. Conversely, a drop below 144.00 could lead to a test of support at 143.39, 142.76, and 142.13.
USD/JPY Price Action – Daily Chart
Japanese Yen PRICE Today
The table below illustrates the percentage change of the Japanese Yen (JPY) against major currencies today. Notably, the Japanese Yen has shown strength against the New Zealand Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.22% | 0.51% | 0.82% | 0.26% | 0.75% | 0.91% | 0.68% |
Understanding the Currency Heat Map
The heat map visually represents the percentage changes of major currencies against each other. By selecting the base currency from the left column and moving horizontally to the quote currency, you can observe the percentage change. For instance, the JPY (base)/USD (quote) box displays the percentage change between the Japanese Yen and the US Dollar.