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USD/JPY

Bearish

Archived analysis from Aug 17, 2026, 3:40 AM

159.08 holds below the 160.00 round-number ceiling; a daily close above 160.50 (July swing high) is needed to flip bias bullish — absent that, downside to 155.00 200-day MA stays open.

159.08 sits 3% below the 2024 peak of 161.95, with BOJ rate-hike cycle intact and USD rally momentum fading — yen carry unwind risk tilts the pair lower near-term.

Main Risk

BOJ surprise rate hike

Unscheduled BOJ tightening above 0.5% policy rate would spike yen demand, driving USDJPY through 155.00 support fast.

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