FX pair continued to move to the upside, closing close to 160.000.
Moderate levels of weekly volatility may occur, taking in consideration fundamental data releases and BoJ intrest rate decision.
USD/JPY hourly chart analysis
USD/JPY pair is currently moving sideways while still sitting inside a larger bullish trend. The price is around 159.33, which is an important level because it matches the 50-period moving average. This level is acting like a dividing line. If the price stays above it, buyers still have a chance to push the pair higher.If it drops below it, sellers may start taking control in the short term.Even though the market is slowing down, the bigger picture remains positive. The 100 and 200 moving averages are both rising and positioned below the current price, which means the longer-term trend still supports upward movement.
Hourly Chart
USD/JPY daily candle chart analysis
The USD/JPY daily chart shows a generally bullish trend. Price is currently around 159.33 and trading above the 50-day and 100-day simple moving averages, which indicates upward momentum. The 200-day moving average is much lower near 151.7, confirming that the broader long-term trend is still upward.Price has been making higher highs and higher lows since the recent dip in early February, showing that buyers are still in control. However, the market is now approaching the important psychological resistance level around 160.00. This level has historically attracted attention and could slow the move upward.
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Traders sentiment
On March 9, 2026, USD/JPY exchange rate is trading around 159.34, showing a slight downward trend throughout the day after opening near 159.58. While the pair has gained roughly 1.7% since the start of the month, today's price action indicates a minor intraday retracement.