US Dollar Index Holds Its Uptrend While the Yen Cracks First

feature image

The US dollar index is holding the long-term uptrend support that shaped its 2026 climb, while USD/JPY slips below its own trendline first.

FOREX.com Market Analyst Razan Hilal breaks down the technical picture across the US dollar index and USD/JPY, and what could tip each one next. Hilal works through what stretched, oversold momentum tends to signal at long-term trend support, and why hawkish central bank expectations and geopolitical risk have underpinned dollar strength.

The read also weighs how a potential US-Iran peace deal could unwind risk premiums and turn the trend, and what a confirmed dollar shift would mean for major currency pairs and precious metals.

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.

X: @Rh_waves

 

Open an account in minutes

Experience award-winning platforms with fast and secure execution.

Live Trading Webinars

Our interactive webinars, led by our industry experts, come highly recommended and can help provide your trading with the edge it needs.
Economic Calendar