USDJPY technicals
The USDJPY is pushing higher today, supported by rising U.S. yields and a broader move higher in equities. The 10-year Treasury yield is up 6.2 basis points to 4.339%, providing a tailwind for the pair.
From a technical perspective, the price has now moved above its 200-bar moving average on the 4-hour chart, which comes in at 145.159—a bullish development. The next key upside target is the high from last week at 145.919, a level that previously stalled gains when the pair was testing that same 200-bar MA. Now that the moving average has drifted lower, that resistance stands as a more manageable hurdle—but still a significant one for bulls to clear.
A break above 145.919 would strengthen the bullish bias and expose the March low at 146.534, followed by the 38.2% retracement of the January–April decline at 147.138.
Buyers are making a play. The question now is whether they can sustain momentum and push beyond the key resistance zone. Close risk is now the broken 200 bar moving average at 145.159.
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