USD/JPY Dollar-yen · Forecast & Analysis
USD/JPY rates neutral: a strong fresh rally on the short charts meets a bearish undertone on higher timeframes and two-sided news. Hot US inflation and a hawkish Fed lift the dollar, while BoJ hike bets and intervention risk cap the move.
News situation · 503 items / 30 D
1 of 503 straight from the issuer or regulator
USD/JPY chart by timeframe
Trendlines, support and resistance and patterns come from the newest signal of the selected timeframe.
Outlook for US Dollar / Japanese Yen
Direction, typical moves and upcoming dates from our own price, news and calendar data, recalculated on every visit. An assessment, not investment advice.
No price statement: our price history does not reach that far. Based on 503 news items.
What drives it
- October US CPI beat forecasts and Fed's Waller backed a bigger December hike, lifting the dollar.
- Japan's household spending collapsed far beyond forecasts, weakening the BoJ tightening case and the yen.
- Price rose clearly over the last 24 hours, with hourly and four-hour charts firing strong upward signals.
What argues against it
- Daily and longer charts still trend down or sideways, so the fresh rally may be a counter-trend bounce.
- The ministry disclosed record July intervention and may step in again to cap yen weakness.
- BoJ minutes show broad support for a December rate hike, which would strengthen the yen.
- Hourly momentum gauges are already overbought, raising pullback risk near resistance at 158.768.
What would change the picture
- A break above resistance at 158.768 would confirm the up-move and brighten the higher-timeframe picture.
- Losing support at 157.255 would hand the initiative back to sellers.
- US PPI, retail sales and Japanese GDP in the coming days could reset Fed and BoJ rate expectations.
Coming up
- US: Jobless claims
- US: EIA Crude Oil Stocks Change
- US: Producer prices · expected 0.4%, previous 0.7%
Economic data for USD/JPY
Full calendarRecently released
- November 10, 2026USDCore CPI●●●Forecast 339.796Previous 338.896
- November 10, 2026USDCore CPI y/y●●●Forecast 2.8%Previous 2.6%
- November 10, 2026USDCPI y/y●●●Forecast 4.2%Previous 3.7%
- November 10, 2026USDCore CPI m/m●●●Forecast 0.2%Previous 0.3%
- November 10, 2026USDCPI●●●Forecast 338.683Previous 336.298
- November 10, 2026USDCPI m/m●●●Forecast 0.5%Previous 0.6%
- November 10, 2026USDCore CPI n.s.a. m/m●●●Previous 0.4%
Coming up
- TomorrowUSDInitial Jobless Claims●●●in 1 day
- TomorrowUSDEIA Crude Oil Stocks Change●●●in 1 day
- November 13, 2026USDCore PPI m/m●●●Forecast 0.4%Previous 0.7%in 2 days
- November 13, 2026USDPPI m/m●●●Forecast 0.4%Previous 1.3%in 2 days
- November 15, 2026JPYGDP y/y●●●Forecast -0.3%Previous 1.4%in 4 days
- November 15, 2026JPYGDP q/q●●●Forecast 0.0%Previous 0.4%in 4 days
- November 17, 2026USDCore Retail Sales m/m●●●Forecast 0.7%Previous 0.9%in 6 days
- November 17, 2026USDRetail Sales m/m●●●Forecast 0.3%Previous 0.8%in 6 days
All times UTC. Assessed against the consensus forecast, otherwise against the previous value. Price reaction measured on USDJPY.
Trend across all eight timeframes
The eight timeframes split: 15-minute to 4-hour charts turned firmly upward today, partly after an earlier breakdown, while 8-hour to daily frames still lean down and score choppy. The technical side reads bullish on fresh momentum, but with limited standing against the larger downtrend.
What this means for your trading style
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- The hourly and two-hour charts turned up together today after an earlier breakdown, giving a bullish but still fresh and unsettled read.
- The four-hour chart points up while the eight-hour chart points down, so the swing view nets out to neutral.
- Daily and longer charts remain bearish to sideways with no clear trend, so the longer-horizon stance stays neutral.
Both worlds over time
One dot per day and source, 30 days. Technicals: trend across all timeframes at the close of the day. News: net direction of the day.
8 active signals for USD/JPY
Last 72 hours
What is being reported about USD/JPY
General news on USD and JPY
These reports concern one side of the pair. The label shows their effect on USD/JPY; in the news verdict they count half.
In-depth analysis of US Dollar / Japanese Yen
AI-generated · as of November 10, 2026
The dollar-yen pair has jumped over the past day, and the trigger is clear: US October inflation came in above forecast and Fed Governor Waller openly backed a possible half-point December hike if readings stay hot, sending the dollar broadly higher. The rise in the hour after the CPI release coincided with the measured reaction and has held since.
Read full analysis
On the yen side, September household spending collapsed 6.8% year-on-year, the tenth straight decline and far worse than expected, which weakens the case for further Bank of Japan tightening relative to the Fed. That combination is textbook supportive for USD/JPY, and hourly through four-hour charts confirm it with strong upward signals fired today. Why then only a neutral verdict? The daily and multi-day trend still points down or sideways, so this rally runs against the larger flow, and the yen side carries live risks: BoJ minutes show broad agreement on further hikes, and the finance ministry's disclosure of a record ¥7.98 trillion of July intervention keeps traders wary of pushing the pair toward 158.768, where selling emerged before. Rabobank's view that the pair can drift toward 155.00 over three months reflects the same longer-term caution. Expect choppy trading into a heavy calendar, with US jobless claims, PPI and retail sales plus Japanese GDP all due within the next week.
Frequently asked questions about US Dollar / Japanese Yen
Why did USD/JPY jump today?
US October inflation came in above forecast and Fed Governor Waller backed a possible half-point December hike, which lifted the dollar broadly. The pair rose in the hour after the CPI release and held those gains. Weak Japanese household spending added to the yen's problems, so both sides of the pair pushed it higher at once.
What would turn the neutral picture one way?
A decisive break above resistance at 158.768, near where sellers have emerged before, would confirm the rally and lift the daily picture as well. Losing support at 157.255 would do the opposite and favour the sellers again. The upcoming US PPI, retail sales and Japanese GDP releases could also reset rate expectations on either side.
How real is the Japanese intervention risk?
Very much a live theme: the finance ministry disclosed a record ¥7.98 trillion of yen purchases on July 30, part of a summer campaign that even included joint action with the US Treasury. Traders have been reluctant to push the pair much above 158.70 partly for that reason, which helps explain why upside conviction stays limited despite today's momentum.
📝 Overview Generated automatically
USD/JPY has been the subject of 477 signals across 477 articles in the last 365 days. Sentiment skews Bearish (57%).
Breakdown: 147 bullish, 273 bearish, 57 neutral.
Most-cited catalysts: BOJ rate hike expectations (4×), Unwinding of yen-funded carry trades (3×), Broad-based weakness of the Japanese Yen against major currency peers (3×). Most-cited risk factors: Bank of Japan intervention to support the yen (5×), Potential intervention by Japanese authorities to support the Yen (5×), Bank of Japan intervention to weaken yen (4×).
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