USDJPY Price Action Eyes 160 Resistance
USD/JPY, often called the Ninja, represents the US dollar against the Japanese yen and is one of the most liquid major forex pairs. In today’s USD/JPY fundamental analysis, traders are focused on US labor data, construction spending, consumer credit, Fed speeches from Kashkari, Hammack, and Williams, plus key JPY drivers including BOJ monetary base data and BOJ meeting minutes. Strong US data or hawkish Fed commentary could support USD/JPY, while hawkish BOJ signals may strengthen the yen and pressure USD/JPY price action. Overall, the pair may see volatility as traders compare Fed policy expectations with BOJ guidance. This makes today’s releases important for the USD/JPY daily chart technical and fundamental analysis outlook.
Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h
On the USD/JPY H4 chart technical analysis, price sharply rejected the major 160.553 resistance and shifted lower, forming a lower low and confirming a short-term bearish structure. However, recent candle behavior and momentum suggest this bearish move may be temporary, especially as a regular bullish divergence is visible on the chart. The RSI (14) at 38.64 remains weak but is recovering from lower levels, supporting the possibility of a corrective rebound. The MACD (12,26,9) at 0.027, -0.455, -0.428 still reflects bearish pressure, but momentum appears to be stabilizing. If price breaks back above the highlighted resistance zone, USD/JPY price action may attempt a stronger recovery toward the 160.553 resistance. Until then, the outlook remains cautiously bullish for recovery but technically bearish below resistance.
•DISCLAIMER: Please note that the above analysis is not an investment suggestion by “Capitalcore LLC”. This post has been published only for educational purposes.
