USD to JPY Forecast Tomorrow, Next week, Next Year, Next 10 Year are discussed here.
USDJPY Forecast, News and Analysis
USD/JPY traces corrective bounce in yields to approach 132.00 ahead of key US data
USD/JPY remains indecisive on a daily basis as it flashes 131.70 as a quote heading into Wednesday’s European session. The Yen pair tracks the latest consolidation in the US Treasury bond yields amid cautious markets ahead of the key US Data.
From a short-term technical perspective, USD/JPY is running into a critical resistance of the horizontal 50-Daily Moving Average (DMA) at 133.00.
The 14-day Relative Strength Index (RSI) is edging lower but holds well above the midline, suggesting that the upside momentum is likely to remain intact.
However, a potential 21 DMA and 50 DMA bearish crossover could warrant caution for USD/JPY buyers.
Therefore, bulls need acceptance above the 50 DMA barrier on a daily closing basis to break from the recent trading range and target the 133.50 static resistance.
On the flip side, a sustained move below the 132.50 demand area will threaten intermittent support near 132.20. Further south, the 132.00 round figure will be the last line of defense for bulls.
USD/JPY is regaining the upside traction in the European session, as risk sentiment rebounds on firmer European equities while the US S&P 500 futures turn positive on the day.
The positive shift in the market mood has reduced the demand for safe havens such as the US government bonds and the US Dollar, lifting the US Treasury bond yields across the curve. The benchmark 10-year US Treasury bond yields are up 0.71% on the day at 3.456%.
Earlier in Asian trading, the major faced rejection just shy of the 133.00 mark and turned south to test the 135.50 psychological level. The pair was last seen trading at 132.91, adding 0.40% on the day.
The further upside in the USD/JPY pair could depend on Wall Street performance, as the US Dollar is resuming its downside below 102.00 against its major rivals. On the data docket, the United States will feature the JOLTS Job Openings and the Factory Orders data in the North American session.
USDJPY YEARLY FORECAST
How could USDJPY move this year? Our experts make a USDJPY update forecasting the possible moves of the yen-dollar pair during the whole year.
USDJPY FORECAST 2023
The Japanese Yen’s strength from the last quarter of 2022 has found an interim bottom at the beginning of the new year. 2023 is set to be a challenger year for the USD/JPY currency pair.
From January 2022 to December 2022, the maximum level for the USDJPY was 150.176¥/USD (on October 20th 2022), and the minimum, 131.1170¥/USD (on December 30st 2022).
MOST INFLUENTIAL POLITICAL EVENTS IN 2023 FOR USDJPY
Central banks’ imbalances played a big role in the matter, with the US Federal Reserve adopting aggressive tightening in March 2022 and the Bank of Japan holding on to its ultra-loose monetary policy.
BoJ Governor Haruhiko Kuroda is close to the end of his mandate, but so far, gave no hints about changing the monetary policy path. Will his successor finally put the BoJ on the other side of the ring? Markets will find out in April.
ABOUT USDJPY
The USDJPY (or US Dollar Japanese Yen) currency pair belongs to the group of ‘Majors’, a way to mention the most important pairs in the world. This group also includes the following currency pairs: EUR/USD, GBP/USD, AUD/USD, USD/CHF, NZD/USD and USD/CAD. Japanese Yen has a low-interest rate and is normally used in carrying trades. This is the reason why is one of the most traded currencies worldwide. In this pair, the US Dollar is the base currency and the Japanese Yen is the counter currency. The pair represents American (from the United States of America) and Japanese economies.
USD/JPY: Dollar – Yen Rate, Forecast, Chart, News
USD/JPY is the forex ticker that shows the value of the US Dollar against the Japanese Yen. It tells traders how many Yen are needed to buy a US Dollar. The Dollar-Yen is one of the most traded forex pairs – second only to EUR/USD – and is a benchmark for Asian economic health and even the global economy. View the live Dollar-Yen rate with the USD/JPY chart and improve your technical and fundamental analysis with the latest USD/JPY forecast, news and analysis.
USD JPY | US Dollar Japanese Yen
USDJPY US Dollar Japanese Yen
US Dollar Japanese Yen traded at 131.670 this Wednesday April 5th, decreasing 0.020 or 0.02 percent since the previous trading session. Looking back, over the last four weeks, USDJPY lost 3.12 percent. Over the last 12 months, its price rose by 6.37 percent. Looking ahead, we forecast US Dollar Japanese Yen to be priced at 135.618 by the end of this quarter and at 144.476 in one year, according to Trading Economics global macro models projections and analysts expectations.
Tomorrow’s Prediction [“Forecast”] Us Dollar (USDJPY)
S Dollar / Japanese Yen Tomorrow’s Movement Prediction Forecast & share price targets for tomorrow -USDJPY US Dollar / Japanese Yen stock price movement predictions for tomorrow,weekly,monthly -FOREX Stock Exchange munafasutra.com
FOREX Stock USDJPY – Share US Dollar / Japanese Yen trades in FOREX
Stock price target for US Dollar / Japanese Yen USDJPY are 130.54 on downside and 132.34 on upside.
| Tomorrow Target 1 | 130.22 |
| Tomorrow Target 2 | 130.86 |
| Tomorrow Target 3 | 132.01633333333 |
| Tomorrow Target 4 | 132.66 |
| Tomorrow Target 5 | 133.81 |
Daily price and charts and targets Us Dollar
| Date | Closing | Open | Range | Volume |
| Tue 04 April 2023 | 131.50400 (-0.56%) | 132.36800 | 131.37600 – 133.16900 | 0 times |
| Mon 03 April 2023 | 132.24100 (-0.41%) | 133.03000 | 132.17500 – 133.75400 | 0 times |
| Fri 31 March 2023 | 132.79100 (-0.35%) | 133.26500 | 132.72500 – 133.59000 | 0 times |
| Thu 30 March 2023 | 133.26400 (0.5%) | 132.55300 | 132.21000 – 133.26400 | 0 times |
| Wed 29 March 2023 | 132.59500 (1.19%) | 131.07900 | 131.07900 – 132.88700 | 0 times |
USD to JPY Forecast for next Week
USD/JPY daily forecast for this Week
On 06 Apr. 2023 bearish dynamics of the USD/JPY currency pair is expected with an optimal forecast of 131.5380 and a daily volatility of 0.50%.
Pessimistic forecast: 131.2560
Optimistic: 131.9220
On 07 Apr. 2023 bullish dynamics of the USD/JPY currency pair is expected with an optimal forecast of 131.7100 and a daily volatility of 0.44%.
Pessimistic forecast: 131.2560
Optimistic: 131.8420
On 08 Apr. 2023 bearish dynamics of the USD/JPY currency pair is expected with an optimal forecast of 130.9370 and a daily volatility of 0.33%.
Pessimistic forecast: 130.6600
Optimistic: 131.0900
On 09 Apr. 2023 bullish dynamics of the USD/JPY currency pair is expected with an optimal forecast of 131.0850 and a daily volatility of 0.57%.
Pessimistic forecast: 130.7540
Optimistic: 131.4990
On 10 Apr. 2023 bearish dynamics of the USD/JPY currency pair is expected with an optimal forecast of 130.2760 and a daily volatility of 0.28%.
Pessimistic forecast: 130.1750
Optimistic: 130.5440
On 11 Apr. 2023 bearish dynamics of the USD/JPY currency pair is expected with an optimal forecast of 129.9360 and a daily volatility of 0.22%.
Pessimistic forecast: 129.7820
Optimistic: 130.0640
On 12 Apr. 2023 bearish dynamics of the USD/JPY currency pair is expected with an optimal forecast of 129.7360 and a daily volatility of 0.65%.
Pessimistic forecast: 129.2780
Optimistic: 130.1300
USD/JPY Exchange Rate Today, Forecast & News
USD/JPY
The USD/JPY is considered the 2nd most liquid currency pairing in the FX markets, accounting for 13% of total transaction volume in the FX market. Japan’s current account surplus supports its safe haven status. During periods of political and / or economic uncertainty, the Yen is the market’s preferred choice. Monetary policy and trade dynamics are also key drivers for the pairing. Historically, carry trades have also been a key influence, with the Yen a funding currency.
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