FX pair continued to move to the upside, closing 157.700.
Moderate levels of weekly volatility may occur, taking in consideration fundamental data and re-pricing of global risk which may effect yields in Japanese bonds.
USD/JPY hourly chart analysis
USD/JPY currency pair is showing a clear bullish trend over the short-to-medium term, with higher highs and higher lows defining the price action. Moving averages confirm this uptrend, as the price is well above the SMA 50 at 157.888, SMA 100 at 157.616, and SMA 200 at 157.022, all of which are sloping upward. The SMA 50 is currently providing immediate dynamic support.The current price is 158.491. Immediate resistance is around 159.000, with stronger levels at 159.600 and 160.000. On the downside, support is first at 157.850, then 157.300, and major support is at 155.400. As long as the price stays above 157.850 and the SMA 50, the next upside target is toward 159.600, but traders should watch for possible short-term rejection near 159.000, where profit-taking can occur.
Hourly Chart
USD/JPY daily candle chart analysis
USD/JPY pair on the daily timeframe is currently at 158.420, showing a strong bullish recovery after some volatility in late January and early February. The price bottomed near 152.000 in early February and has since been moving steadily upward, forming higher lows. Recent candlesticks are green and closing near their highs, indicating that buyers are in control as the price nears the psychological resistance at 160.000. If the price breaks above 160.000, the next target would be the previous high near 162.000.The MACD indicator shows the blue MACD line crossing above the green signal line, signaling a buy. The histogram has shifted from negative to positive, confirming that bearish momentum has faded and bullish strength is growing. The MACD line is also crossing the zero line, which typically indicates a shift to a long-term upward trend.Key support and resistance levels include major resistance at 162.000, immediate resistance at 160.000, pivot support at 155.000, and major support at 152.000 where buyers recently stepped in strongly. Overall, the USD/JPY is in a bullish phase, with price action and MACD signals suggesting the path of least resistance is upward toward 160.000.
Read More: Technical Analysis
Traders sentiment
On March 9, 2026, USD/JPY showed moderate intraday volatility, reaching a high of about 158.87 before settling around 158.39, with traders watching the key resistance at 159.00. The pair has gained about 1.12% this week, maintaining a general uptrend despite some recent momentum flattening.