USD/JPY reaches below 150.00

Note: This section contains information in English only.
Source: Dukascopy Bank SA


The rate hike done by the Bank of Japan pushed the USD/JPY down to the support of the 150.00 mark. However, the post event recovery was short-lived, as the central bankers revealed more tightening. As the information spread, the USD/JPY reached a new low level by shortly piercing the 149.00 level.

By mid-Thursday, the rate was fluctuating around the 150.00 mark, as the 151.00 level acted as resistance and support was still expected to be found in the 149.00 level.

A move above 151.00 is set to face resistance of the weekly S1 simple pivot point at 151.24 and the 50-hour simple moving average. If these levels to fail to act as resistance, the pair is set to approach the 2022 high level of 152.00 and the support and resistance zone that surrounds it. Note that the range is strengthened by the 100-hour simple moving average.

In the case of a decline, the pair would look for support in the combination of the 149.00 level and the weekly S2 simple pivot point at 148.75. Further below, the decline could be slowed down by round exchange rate levels, until the pair reaches the weekly S3 at 145.57 and the 145.00 level. Besides these levels, there is no additional support.
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