USD/JPY remains heavy as the new week gets underway, what are the technicals saying?
USD/JPY — All Desk Targets
| Firm | Stance | YE 2026 |
|---|---|---|
Goldman Sachs | Bearish | 165.00 |
MUFG | Bullish | 152.00 |
J.P. Morgan | Bullish | 142.00 |
All 23 desk targets for USD/JPY
From the original
USD/JPY is now down 0.4% to 155.60 levels today, with the currency pair looking heavy again as the new week gets underway. The sharp drop last week is still fresh on the minds of traders, even if there was a bit of dip-buying on Friday after the US jobs report. The non-farm payro
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USD/JPY nudges back up towards 158.00 mark as dollar holds firmer on the week
The USD/JPY pair is testing the critical 158.00 level as the dollar remains resilient amid ongoing bearish sentiment for the yen. Per the full note from Justin Low at investinglive.com, the Ministry of Finance's (MOF) recent intervention efforts have yet to stabilize the currency, raising questions about their willingness to engage further. The current market dynamics suggest that traders are increasingly willing to challenge the MOF's thresholds, especially with external pressures like rising oil prices exacerbating the yen's weakness. This situation is compounded by the lack of significant intervention during low liquidity periods, which may have diminished the effectiveness of previous actions.