USD/JPY Price Analysis: turns lower and falls below 130.00

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  • USD/JPY remained under pressure, as the 50 DMA crossed below the 200 DMA.
  • The bears stepped in and recouped 130.00, while keeping an eye on 129-00.

The USD/JPY fell as the North American session progressed and dipped below 130.00 as buyers failed to break the 20-day EMA at 130.74. Factors such as the weakness of the US dollar (USD) and falling Treasury yields are two key reasons for the renewed strength of the Japanese yen (JPY). At the time of writing, the USD/JPY pair is trading at 129.77.

USD/JPY Price Analysis: Technical Insights

Tuesday’s session was characterized by USD/JPY hitting a weekly high at 131.11, slightly above the 20-day EMA, but fell as low as 130.10. Today, USD/JPY made a daily high at 130.58 but extended its losses as the 50 day EMA crossed below the 200 day EMA meaning a deadly crossover has emerged in the daily, which suggests that further declines are expected.

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Oscillators such as the Relative Strength Index (RSI) and the Rate of Change (RoC) point lower, supporting prices lower.

Therefore, the first support for USD/JPY would be the daily low at 129.26. A break below would expose the psychological level of 129.00, followed by the Jan 20 swing low at 128.34 and the yoy low of 127.21. As an alternate scenario, if USD/JPY recovers to 130.00, the pair could challenge the 20-day EMA.

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Key technical levels for USD/JPY


Last price today 129.83
Today Change Daily -0.33
today’s daily variation -0.25
today’s daily opening 130.16
daily SMA20 130.84
daily SMA50 134.44
daily SMA100 139.87
daily SMA200 136.74
previous daily high 131.12
previous daily low 129.73
Previous Weekly High 131.58
previous weekly low 127.22
Previous Monthly High 138.18
Previous monthly minimum 130.57
Fibonacci daily 38.2 130.26
Fibonacci 61.8% daily 130.58
Daily Pivot Point S1 129.55
Daily Pivot Point S2 128.94
Daily Pivot Point S3 128.16
Daily Pivot Point R1 130.94
Daily Pivot Point R2 131.72
Daily Pivot Point R3 132.33

Source: Fx Street

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