USDJPY hits over two‑month low near 155.00
USDJPY remains under selling pressure, sliding to its lowest level since February 24 near the psychological 155.00 mark, after briefly breaching the long‑term rising trendline. The pair has since rebounded toward the 157.90 area, tracking a softer dollar after the US signalled progress toward a potential Iran deal, while the yen strengthened on renewed intervention speculation.
Momentum indicators point to a bearish near‑term bias, with both the RSI and MACD drifting toward negative territory. Upside attempts may struggle while the pair remains capped below the 20‑ and 50‑day SMAs, which form a bearish resistance cluster near 158.80. A close above the 157.90-158.20 zone would be the first test, with a broader recovery toward 160.00 only likely if buyers reclaim the SMA cluster.
On the downside, initial support is seen near the long‑term uptrend line around 156.40, followed by the 155.00-155.50 zone. A deeper test lies at the 200‑day SMA, hovering just above the February 23 swing low near 154.00.
To sum up, USDJPY remains under pressure following the downside break from its month‑long range, struggling to establish a floor near the rising trendline. Holding this area is key to limiting downside risks and preserving the broader bullish structure.
Democratic Sweep Weakens the US Dollar and Lifts Precious Metals | 5th November, 2026
US Midterm Elections: Analyzing Fiscal Deficits, Treasury Yields, and the Greenback
US Midterm Results Weigh on the Dollar as Central Bank Policy Divergence Builds | 4th November, 2026
The dollar concedes the Democrats’ victory
US Midterms: Early Democratic Senate Wins Sink Dollar and Drag Futures Lower
RBA’s Split Rate Hike and US Midterm Uncertainty Shape Currency Markets | 3rd November, 2026
Central Bank Signals and Easing Safe-Haven Demand Shape Currency Markets | 2nd November, 2026
