The USD\/JPY has dipped below the 155.00 mark, trading around 154.90 in European hours. The pair challenges the immediate support at the nine-day EMA of 154.85, with resistance at the descending channel’s upper boundary near 156.00.<\/p>\n
Recent market movement shows USD\/JPY retreating after three days of gains. The technical setup suggests a potential bullish reversal at the channel’s upper boundary. The 50-day EMA, positioned at 155.63, restricts recovery efforts, with a turnover limiting improvements.<\/p>\n
The 14-day RSI shows neutral conditions at 46, indicating stabilising momentum. To break the current downtrend, USD\/JPY needs to surpass the 50-day EMA. Failing to do so may result in further declines to 150.02, which was the three-month low, or beyond to 149.20.<\/p>\n
In relative terms, the Japanese Yen is stable against the Australian Dollar but shows slight losses against other major currencies such as the USD and GBP. For instance, it has depreciated by 0.11% against the USD, while against the GBP, it has dropped by 0.19%. The Yen’s value compared to the CAD has shifted by -0.02%.<\/p>\n
As of today, February 2, 2026, we see USD\/JPY is trading around 154.90, testing a key pivot point at the top of a descending channel. The market shows clear indecision, with the nine-day moving average flattening and momentum indicators in neutral territory. This technical coiling suggests a significant price move could be imminent in the coming weeks.<\/p>\n
This price stability is largely due to strong recent economic data out of the United States. January\u2019s Non-Farm Payrolls report, released last Friday, showed a robust 210,000 jobs were added, well above consensus expectations. This, combined with the latest CPI data showing core inflation still running at 3.1% annually, makes it unlikely the Federal Reserve will signal any rate cuts soon.<\/p>\n
On the other side of the pair, the Bank of Japan remains committed to its ultra-loose monetary policy. At their last meeting in late January, officials gave no indication of a policy shift, especially as wage growth figures from late 2025 were disappointingly weak. This fundamental divergence between the US and Japan continues to provide a floor for the USD\/JPY pair.<\/p>\n
We remember the sharp swings throughout 2025 when verbal interventions from Japanese officials caused temporary pullbacks from these higher levels. That history suggests the current tight range could be building energy for a volatile breakout. The Relative Strength Index recovering from deeply oversold levels supports the view that bearish pressure is fading, setting the stage for a potential test of the upside.<\/p>\n
A sustained break above the 156.00 resistance level would signal a bullish reversal and could be a trigger for buying call options. Such a move would open the door to re-test the highs near 161.00 that we saw in the summer of 2024. Traders could use bull call spreads to define risk while positioning for this potential upward move.<\/p>\n
Conversely, a failure to break higher and a close below the 154.85 level would keep the bearish tone intact. This could prompt traders to buy put options targeting the late January low near 150.00. Given the coiled nature of the market, a long straddle option strategy could also be considered to profit from a significant price move in either direction.<\/p>\n
Create your live VT Markets account<\/a>\u00a0and\u00a0start trading<\/a>\u00a0now. <\/b><\/p>\n","protected":false},"excerpt":{"rendered":" USD\/JPY dips below 155.00; eyes key EMAs as technical signals hint at possible bullish reversal soon.<\/p>\n","protected":false},"author":62,"featured_media":17050,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59],"tags":[],"class_list":["post-40679","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts\/40679","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/users\/62"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/comments?post=40679"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts\/40679\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/media\/17050"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/media?parent=40679"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/categories?post=40679"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/tags?post=40679"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}