💱 Forex · Global

USD/JPY Dollar-yen · Forecast & Analysis

Forex Global
158.71
+0.46 %
7 D
Updated 9 min ago
Overall assessment · Trend + news, checked against price
▬ Neutral weak Data coverage good
Price +0.46 % 24h · 0.00 % 7d · +0.25 % 30dTrend ▲ 3 of 8 timeframesNews ▬ 503 reports, latest 10.11.

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
▬ Neutral weak Data coverage good
4.7 Impact / 10
By source type
News 452 Analyst 50 Release 1

1 of 503 straight from the issuer or regulator

Technicals · trend now
▲ Bullish weak Data coverage good

3 of 8 timeframes up

8 active signals (3 long / 5 short), strongest: 1H at 100 %

AI-generated · as of November 10, 2026
24 h
+0.46 %
Active signals
8 (3↑ / 5↓)
Technicals
Bullish
News, 30 days
Neutral
Chart

USD/JPY chart by timeframe

Trendlines, support and resistance and patterns come from the newest signal of the selected timeframe.

USD/JPY · 15M
Loading chart

Outlook

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.

Next 7 days · 4h–8h trend and news
▬ Neutral weak
Data coverage good
60 % technicals 40 % news
Next 4 weeks · 12h–1d trend and news
▬ Neutral weak
Data coverage good
30 % technicals 70 % news
Next 3 months · news of the last 30 days only
▬ Neutral weak
Data coverage good

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%
All dates ↓ All times UTC.
Typical move

7 days: typically ±0.5%, strong from ±1.5%, actual −0.0%

30 days: typically ±1.0%, strong from ±3.0%, actual +0.3%

Economic data for USD/JPY

Full calendar

Recently released

  • November 10, 2026USDCore CPI●●●Forecast 339.796Previous 338.896USDJPY after 60 min: +0.25%since release: +0.35%10 h ago
  • November 10, 2026USDCore CPI y/y●●●Forecast 2.8%Previous 2.6%USDJPY after 60 min: +0.25%since release: +0.35%10 h ago
  • November 10, 2026USDCPI y/y●●●Forecast 4.2%Previous 3.7%USDJPY after 60 min: +0.25%since release: +0.35%10 h ago
  • November 10, 2026USDCore CPI m/m●●●Forecast 0.2%Previous 0.3%USDJPY after 60 min: +0.25%since release: +0.35%10 h ago
  • November 10, 2026USDCPI●●●Forecast 338.683Previous 336.298USDJPY after 60 min: +0.25%since release: +0.35%10 h ago
  • November 10, 2026USDCPI m/m●●●Forecast 0.5%Previous 0.6%USDJPY after 60 min: +0.25%since release: +0.35%10 h ago
  • November 10, 2026USDCore CPI n.s.a. m/m●●●Previous 0.4%USDJPY after 60 min: +0.25%since release: +0.35%10 h ago

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.

Technicals

Trend across all eight timeframes

15M Scalping ▼ Bearish Trend forming ADX 21.8
30M Scalping ▲ Bullish Solid trend ADX 36.3
1H Intraday ▲ Bullish Solid trend ADX 34.0
2H Intraday ▲ Bullish Trend forming ADX 22.4
4H Swing ▬ Neutral Choppy / sideways ADX 14.1
8H Swing ▬ Neutral Choppy / sideways ADX 13.6
12H Position ▬ Neutral Choppy / sideways ADX 14.7
1D Position ▬ Neutral Choppy / sideways ADX 12.2

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.

By trading style

What this means for your trading style

Scalping 15m · 30m
▬ Neutral weak Data coverage good
PRO
64 %
historical hit rate · 88 comparable setups

The text for this card no longer matches its rating, so it is hidden.

Intraday 1h · 2h
▲ Bullish medium Data coverage good
PRO
65 %
historical hit rate · 52 comparable setups
  • The hourly and two-hour charts turned up together today after an earlier breakdown, giving a bullish but still fresh and unsettled read.
EMA Retreat Down Trendline Break Down
Swing 4h · 8h
▬ Neutral weak Data coverage good
PRO
54 %
historical hit rate · 28 comparable setups
  • The four-hour chart points up while the eight-hour chart points down, so the swing view nets out to neutral.
Trendline Break Up RSI Hidden Bear Div Stoch Regular Bear Div
Position 12h · 1d
▬ Neutral weak Data coverage good
PRO
—
too few comparable cases (0) for a reliable rate
  • Daily and longer charts remain bearish to sideways with no clear trend, so the longer-horizon stance stays neutral.
Signal history

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.

Bullish ▲Bearish ▼12.10. · Technicals (trend of the day) · Neutral · mixed: 2 up, 1 down of 812.10. · News signal · 913.10. · Technicals (trend of the day) · Bearish · 2 of 8 timeframes down13.10. · News signal · 2614.10. · Technicals (trend of the day) · Bearish · 3 of 8 timeframes down14.10. · News signal · 2015.10. · Technicals (trend of the day) · Bearish · 1 of 8 timeframes down15.10. · News signal · 2116.10. · Technicals (trend of the day) · Neutral · mixed: 0 up, 1 down of 816.10. · News signal · 2417.10. · News signal · 219.10. · Technicals (trend of the day) · Bullish · 2 of 8 timeframes up19.10. · News signal · 1620.10. · Technicals (trend of the day) · Bearish · 1 of 8 timeframes down20.10. · News signal · 1421.10. · Technicals (trend of the day) · Neutral · mixed: 0 up, 1 down of 821.10. · News signal · 2022.10. · Technicals (trend of the day) · Bearish · 5 of 8 timeframes down22.10. · News signal · 1223.10. · Technicals (trend of the day) · Bearish · 5 of 8 timeframes down23.10. · News signal · 1024.10. · News signal · 126.10. · Technicals (trend of the day) · Neutral · mixed: 3 up, 3 down of 826.10. · News signal · 2027.10. · Technicals (trend of the day) · Bullish · 4 of 8 timeframes up27.10. · News signal · 1428.10. · Technicals (trend of the day) · Neutral · mixed: 1 up, 3 down of 828.10. · News signal · 1529.10. · Technicals (trend of the day) · Neutral · mixed: 1 up, 0 down of 829.10. · News signal · 1930.10. · Technicals (trend of the day) · Bearish · 3 of 8 timeframes down30.10. · News signal · 1802.11. · Technicals (trend of the day) · Neutral · mixed: 0 up, 1 down of 802.11. · News signal · 1403.11. · Technicals (trend of the day) · Bullish · 3 of 8 timeframes up03.11. · News signal · 1604.11. · Technicals (trend of the day) · Neutral · no timeframe with a real trend (ADX 20+), 8 with data04.11. · News signal · 3005.11. · Technicals (trend of the day) · Bearish · 3 of 8 timeframes down05.11. · News signal · 2306.11. · Technicals (trend of the day) · Neutral · no timeframe with a real trend (ADX 20+), 8 with data06.11. · News signal · 5307.11. · News signal · 509.11. · Technicals (trend of the day) · Bearish · 4 of 8 timeframes down09.11. · News signal · 3810.11. · Technicals (trend of the day) · Bullish · 4 of 8 timeframes up10.11. · News signal · 6311.11. · Technicals (trend of the day) · Bullish · 3 of 8 timeframes up · current
30 days ago today
Technicals (trend of the day) News signal Size: news = reports that day, technicals = timeframes with data
Active signals

8 active signals for USD/JPY

Last 72 hours

Signal USD/JPY · 2H · SELL 100% VERY STRONG
▲ 0% ▼ 100%
UPDATED Intraday Premium Forecast 55%
Trendline Break Down EMA Retreat Down
15M
30M
1H
2H
4H
8H
12H
1D
Signal USD/JPY · 8H · SELL 96% VERY STRONG
▲ 4% ▼ 96%
UPDATED Swing Premium Forecast 50%
RSI Hidden Bear Div Stoch Regular Bear Div
15M
30M
1H
2H
4H
8H
12H
1D
Signal USD/JPY · 4H · BUY 96% VERY STRONG
▲ 96% ▼ 4%
UPDATED Swing Premium Forecast 47%
Trendline Break Up
15M
30M
1H
2H
4H
8H
12H
1D
News, 30 days

What is being reported about USD/JPY

News Bullish Impact 3/10
Fed Governor Bowman Warns of Persistent Inflation as USD Rallies
Persistent US inflation pressures from CPI data argue for the Fed keeping policy tight, widening the policy contrast with other major economies and li…
November 10, 2026
News Bullish Impact 4/10
US Dollar Rallies Above 102.00 as Markets Price in December Fed Hike
The pair advanced sharply past the 158.00 hurdle and is testing two-week highs as the dollar strengthened on December Fed hike repricing. The Reuters …
November 10, 2026
News Bullish Impact 5/10
Fed’s Logan Signals Two More 25-Basis-Point Hikes to Curb Inflation
Signals of at least two more Fed hikes and faster winter tightening lift US rate expectations relative to Japan's, favouring a stronger dollar against…
November 10, 2026
News Bullish Impact 6/10
USD/JPY Rallies to 158.76 as US Inflation Beats Forecasts and Fed Signals
October US CPI beat forecasts (0.4% MoM headline vs 0.3% expected, 0.3% core vs 0.2% expected) and Fed officials back more hikes, with traders pricing…
November 10, 2026
Analyst Bearish Impact 4/10
USD/JPY Faces Downside Risk as ING Eyes Potential Japanese Growth Surprise
ING's Chris Turner argues Japan could deliver upside growth surprises, mirroring South Korea where the Bank of Korea raised 2026 GDP forecast to 3.3% …
November 10, 2026
News Bearish Impact 3/10
USD Index Consolidates Below 102.00 Ahead of October Inflation Data
The pair lost about 0.3% on Monday and stabilized around 158.00 early Tuesday. The BoJ's Summary of Opinions from the October meeting showed some memb…
November 10, 2026

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.

USD in general USD/JPY: Bullish Impact 5/10
EUR/USD Slips Toward 1.1100 Range Floor as US Rate Hike Bets Intensify
October core CPI beat forecasts at 0.3% vs 0.2% expected, and Dallas Fed's Logan wants two more quarter-point hikes, with a second by January priced a…
November 10, 2026 · for USD: Bullish
USD in general USD/JPY: Bullish Impact 5/10
GBP/USD Slips Under 1.34 as Hot US Inflation Fuels December Hike Bets
October US consumer prices beat forecasts and Fed Governor Waller called a December hike likely, with a half-point move possible; traders price a quar…
November 10, 2026 · for USD: Bullish
USD in general USD/JPY: Bullish Impact 5/10
USD/CHF Rallies 0.74% as Fed Rate Hike Expectations Boost Dollar
Hawkish Fed comments and a high US inflation report lifted the dollar broadly, up 0.48%-0.90% against major currencies on Tuesday and 0.72% against th…
November 10, 2026 · for USD: Bullish
USD in general USD/JPY: Bullish Impact 6/10
Fed's Schmid Signals Hawkish Stance as USD Rallies up to 0.89% Against AUD
Kansas City Fed President Schmid said inflation is 'top of mind' with concerning price trends beneath the energy story, and called policy 'fairly acco…
November 10, 2026 · for USD: Bullish
USD in general USD/JPY: Bullish Impact 6/10
Fed's Bowman Signals Rates to Stay at 3-3/4 to 4 Percent Amid Persistent Inflation
Fed Vice Chair Bowman signals a higher-for-longer stance: rates held at 3-3/4 to 4 percent, inflation more persistent than anticipated with core PCE l…
November 10, 2026 · for USD: Bullish
USD in general USD/JPY: Bullish Impact 6/10
Gold Slips Toward $4,000 as US Treasury Yields Climb Above 5%
The hotter-than-expected October CPI (0.4% headline, 0.3% core MoM) plus hawkish comments from Waller and Logan led markets to fully price a 25-basis-…
November 10, 2026 · for USD: Bullish
Full analysis

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.

Asset Snapshot

📝 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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