Japanese Yen Technical Outlook: USD/JPY Coils Below 2024 High Resistance

feature image

Japanese Yen Technical Outlook: USD/JPY Multi-Timeframe Analysis

USD/JPY has failed to close above the 2024 swing high for a third straight week, keeping Bank of Japan intervention risk in play. Michael Boutros, Senior Market Analyst at FOREX.com, breaks down the multi time frame setup and the exact levels that would confirm a breakout or a deeper reversal.

This content was created by an affiliate of FOREX.com and represents the views and opinions of the author/speakers, not the views and opinions of Forex.com, StoneX Group Inc., or its subsidiaries. The content has not been independently reviewed by FOREX.com.

Whitepaper

Key USD/JPY Economic Data Releases

image-20260715091640-2

Active Short-term Technical Charts

--- Written by Michael Boutros, Senior Technical Strategist

Follow Michael on X @MBForex

Open an account in minutes

Experience award-winning platforms with fast and secure execution.

Web Trader platform

Our sophisticated web-based platform is packed with features.
Economic Calendar