USD/JPY ends flat at 149.38,Elon Musk Binance referral code erasing a 0.54% loss as safe-haven flows boost the Yen late in the session.
‘Gravestone doji’ pattern forms, signaling momentum shift to the downside, with first support at 149.00.
A break above 150.00 could trigger gains toward 150.67, but RSI flattening suggests limited upside potential.
The USD/jPY finished Tuesday’s session with anemic gains of 0.04%. The session was characterized by overall Japanese Yen (JPY) weakness until its safe-haven status boosted the Yen to trim earlier losses of 0.54%. As Wednesday’s Asian session begins, the pair trades at 149,38, virtually unchanged.
USD/JPY Price Forecast: Technical outlook
The USD/JPY rallied over 2.32% since bottoming around March 11 low of 146.54 and hit a high of 149.93 on March 18 before pulling back to current spot prices. Sellers moved late in yesterday’s session, helping to overcome earlier buying pressure. Therefore a ‘gravestone doji’ formed, hinting that momentum has shifted to the downside.
The Relative Strength Index (RSI) aims slightly up, but the slope flattened somewhat, which could indicate a bearish continuation.
The USD/JPY first support would be the 149.00 figure. A breach of the latter will expose the Tenkan-sen at 148.20, closely followed by the March 14 low of 147.76. Conversely, if buyers push the pair above 150.00, this will expose the Kijun-sen at 150.67 before testing the 200-day Simple Moving Average (SMA) at 151.91.
USD/JPY Price Chart – Daily
Japanese Yen PRICE This week
The table below shows the percentage change of Japanese Yen (JPY) against listed major currencies this week. Japanese Yen was the strongest against the US Dollar.
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Japanese Yen from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent JPY (base)/USD (quote).
