USD/JPY - Analysis, Outlook and Forecasts

USD/JPY (US Dollar - Japanese Yen) outlook and forecast is presented by the team of ForexAbode's in-house analysts and is followed by the traders around the world. The outlook takes into account the various factors which can affect the future price-action of USD/JPY. The factors to analyze the outlook are geo-political news, fundamentals including major economic releases and technical factors but most importantly we focus on the price-action analysis.


The outlook reflects our views for short-term to mid-term movement. However, sometimes the analysis takes into account the price-data which may span many years for longer-term views. This is also supported by our very popular chart alerts.


The weekly analysis includes the predictions for the next week's expected moves for the US dollar and Japanese yen. However, the forecast is not only limited to the coming week but is applicable for the overall expectations for the near-term. Apart from the weekly forecasts, we also update USD/JPY daily technical analysis, which presents our views about the price-action from short-term perspective.


You may also like to check the following resources for trading USD/JPY:



USD/JPY Daily Analysis - June 12, 2015

Written By : || 2015-06-12 04:54:47 GMT

Current Exchange Rate: 123.72 at the time of analysis update. Intraday outlook: .   The pair had found resistance at 124.16 which was almost as we had mentioned yesterday. We still remain neutral for USD/JPY and expect the resistance to hold below 124.16.

USD/JPY Daily Analysis - June 11, 2015

Written By : || 2015-06-11 05:30:03 GMT

Current Exchange Rate: 123.66 at the time of analysis update. Intraday outlook: . We stay neutral for USD/JPY though we favor downward pressure more than the upward pull. After touching 125.86, the pair could not break above the psychological price zone of 125 to enter 126 territory.

USD/JPY Weekly Outlook - January 5, 2015 to January 9, 2015 

Written By : || 2015-01-04 03:59:33 GMT

USD/JPY remained in a sideways mode with a high of 120.82 and low of 118.86. The weekly closing was at 120.49. Fundamental Facts for USD/JPY There have been few economic releases from the U.S. and none at all from Japan due to holidays. The consumer confidence in the U.S. further improved from 91.00 to 92.6 and the pending home sales which grew to 4.1% from previous month's 2.1%.

USD/JPY Weekly Outlook - December 28, 2014 to January 2, 2015 

Written By : || 2014-12-27 21:17:25 GMT

USD/JPY broke above the psychological 120.00 once again but remained in narrow sideways mode after touching 120.82. The weekly closing was at 120.38. Fundamental Facts The year over year consumer price index saw a drop from 2.9% to 2.4% in Japan in November. The housing starts data also came out bearish with a year over year change of -14.3% against the previous -12.3%.

USD/JPY Daily Analysis - December 11, 2014

Written By : || 2014-12-11 02:54:45 GMT

Current Exchange Rate: 118.67 at the time of analysis update. Intraday outlook: . USD/JPY jumped up strongly with a support at 117.44. Some more upward moves are expected towards 119.20 or more. However , in such case also a strong resistance is expected at 119.45. On the downside support is expected to hold at 117.90.

USD/JPY Daily Analysis - December 10, 2014

Written By : || 2014-12-10 03:51:57 GMT

Current Exchange Rate: 119.27 at the time of analysis update. Intraday outlook: . The recent downward correction found a strong support at 117.93. However the resiscane experienced at 119.47 is indicating that 120.00 is now acting as psychological resistance for USD/JPY. We remain neutral for the upside till a decisive break over 120.00 does not take place.

USD/JPY Weekly Outlook - September 28 to October 3, 2014 

Written By : || 2014-09-27 20:08:04 GMT

USD/JPY remained in the range bound mode after touching last to last week's high of 109.47. The move towards 110.00 took place as we had indicated in a post titled "USD/JPY – Is 110 still a dream or becoming a reality?". The low of the last week was 108.25.

Trading Opportunities with USD/JPY in the Coming Days

Written By : himanshu || 2014-09-23 03:13:12 GMT

As we had mentioned during the first week of this month in an USD/JPY update titled "USD/JPY – Is 110 still a dream or becoming a reality?", repeating the same thoughts which were voiced almost 9 months back in another post titled "USD/JPY 2014 Outlook – Is 110 a question of “when” not “whether”?", the currency pair made a move to test the key psychological level of 110.00 on September 18th.

USD/JPY - Is 110 still a dream or becoming a reality?

Written By : himanshu || 2014-09-03 11:18:18 GMT

It was December 28, 2013 i.e. over 8 months back when we had indicate that the year 2014 should see USD/JPY to target 110.00. Well, the pair failed to move beyond 105.44 and had fallen to 100.75. The psychological support of 100.00 ranges had come at rescue but since then the currency pair had been range bound. The maximum it achieved was 104.13 since then.

USD/JPY Daily Analysis - September 1, 2014

Written By : || 2014-09-01 04:22:31 GMT

Current Exchange Rate: 104.26 at the time of analysis update. Intraday outlook: . The break over 104.13 of April 4, 2004 had come as a strong suggestion that the currency pair would try to target 105.00 and beyond buts the slight break over 104.27 of recent August 4 can be taken as a confirmation for the same.

Interest Rate difference of USD and JPY

USD to JPY Interest Rates Comparison
(For Carry Trades)
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USD/JPY interest rate comparison

Overall price-action trend of USD/JPY

Please refer the following monthly chart of 12-year historical price-action to check the overall USD/JPY trend.

Monthly chart of EUR/USD, indicating the overall trend.


Main observations for USD/JPY historical price-action and outlook for the near future

  • USD/JPY has been in an overall downtrend for past 12 years.
  • The recent high has been 105.44 during the end of December 2013. Since then the pair has stuck between the psychological levels of 100 and 105.
  • The resistance of 105 also brings in the additional resistances of 50% retracement of the fall from 135.14 to 75.36 at 105.25 and 61.8% retracement of the fall from 124.16 to 75.36.
  • The price action has been nearer to 100 than 105 and this fact needs cautious approach for long-positions. However, a decisive break over 105.80 should target 108.00 next.

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