The GBPCAD ended the bullish corrective rebound by facing the resistance level at 1.8490, to form a strong obstacle against the attempt of resuming the bullish scenario, forcing it to provide sideways fluctuations near 1.8425.
Note that the stability of the moving average 55 above the current trading that might support the chances of renewing the negative attempts, which might target 1.8330 level reaching 1.8220, while the price success in breaching the resistance and holding above it will confirm its readiness to form strong bullish rally, to begin recording big gains that begin at 1.8550 and 1.8640.
The expected trading range for today is between 1.8330 and 1.8500
The GBPJPY pair confirmed the stability of the bullish scenario, due to its stability within the minor bullish channel’s levels, to form some bullish waves, to record the initial target by reaching 213.30 level, to rebound temporarily to settle near 212.50.
The stability above the bullish channel’s support towards 211.30, besides providing positive momentum by the main indicators makes us keep the bullish scenario, which might target 214.05 reaching 215.20 level to reach the current channel’s resistance.
The expected trading range for today is between 214.05 and 212.10
Copper price formed some positive trading in yesterday’s trading, to test the broken support that represents a strong resistance at $5.5100, bouncing quickly towards $5.3300 confirming the continuation of the previously suggested negative scenario.
Providing additional negative momentum by stochastic will help it to renew the negative attempts, to expect reaching $5.1500, attempting to press on the extra support near $4.9500.
The expected trading range for today is between $5.1500 and $5.4000
The EURJPY pair remains affected by the stability of the barrier at 184.20, which obstructs the attempts of reaching new positive stations by its stability, to form new sideways fluctuations by its stability near 183.75.
Note that the continuation of providing positive momentum by the main indicators, by the attempt of forming additional support at 183.35 level, these factors make us wait for breaching the barrier and holding above it, to confirm its readiness to record new gains that might begin at 184.80 and 185.45.
The expected trading range for today is between 183.40 and 184.80
The GBPJPY pair faced negative pressures in the last trading, by providing new closes above 210.60 level, to fluctuate near 212.10, attempting to gather the required extra positive momentum to confirm the previously suggested bullish scenario.
The price needs to surpass 212.45 level, forming an intraday barrier in the last period, which allows it to form new bullish waves, to target the initial stations at 213.05 and 214.05, while its decline below 210.60 and providing negative close will force it to activate the negative movement, suffering several losses that might begin at 209.15.
The expected trading range for today is between 211.65 and 214.00
The USD/JPY pair attracts some dip-buyers following the previous day’s pullback of around 165 pips from the vicinity of its highest level since July 2024, and climbs to the 158.75-158.80 region during the Asian session on Tuesday.
The Japanese Yen (JPY) weakens in reaction to soft inflation figures, which showed that the National Consumer Price Index (CPI) fell below the Bank of Japan’s (BoJ) 2% target and to its lowest level since March 2022. The data further dampens hopes for an immediate interest rate hike by the central bank amid concerns that the war-driven surge in energy prices could weaken Japan’s economic growth.
Meanwhile, geopolitical uncertainties stemming from conflicts in the Middle East continue to fuel inflation fears, curbing bets for further interest rate cuts by the US Federal Reserve (Fed). This, in turn, triggers a fresh leg up in US Treasury bond yields, which, along with the risk of a further escalation of the Iran war, benefits the US Dollar’s (USD) reserve currency status and supports the USD/JPY pair.
Spot prices once again showed some resilience below the 100-period Exponential Moving Average (EMA) on the 4-hour chart, and the subsequent move up favors bullish traders. That said, the Moving Average Convergence Divergence (MACD) line has slipped marginally below the signal line around the zero mark, with a flat histogram, suggesting fading upside momentum rather than a decisive shift in trend.
Moreover, the Relative Strength Index (RSI) near 48 stays close to its midline, reinforcing a consolidative tone within an overall upward context. Nevertheless, the near-term bias is mildly bullish as the USD/JPY pair holds above the 100-period EMA on the 4-hour chart, near 158.20, which keeps the broader uptrend structure intact.
In the meantime, initial support emerges at 158.20 from the 100-period EMA, followed by 157.65, where the latest downswing stalled. A break below 157.65 would expose deeper retracement levels toward the mid-157.00s. On the topside, immediate resistance stands at 159.30, aligned with recent intraday highs, with a break opening the way to 159.80 and the 160.00 psychological barrier.
(The technical analysis of this story was written with the help of an AI tool.)
USD/JPY 4-hour chart
Japanese Yen FAQs
The Japanese Yen (JPY) is one of the world’s most traded currencies. Its value is broadly determined by the performance of the Japanese economy, but more specifically by the Bank of Japan’s policy, the differential between Japanese and US bond yields, or risk sentiment among traders, among other factors.
One of the Bank of Japan’s mandates is currency control, so its moves are key for the Yen. The BoJ has directly intervened in currency markets sometimes, generally to lower the value of the Yen, although it refrains from doing it often due to political concerns of its main trading partners. The BoJ ultra-loose monetary policy between 2013 and 2024 caused the Yen to depreciate against its main currency peers due to an increasing policy divergence between the Bank of Japan and other main central banks. More recently, the gradually unwinding of this ultra-loose policy has given some support to the Yen.
Over the last decade, the BoJ’s stance of sticking to ultra-loose monetary policy has led to a widening policy divergence with other central banks, particularly with the US Federal Reserve. This supported a widening of the differential between the 10-year US and Japanese bonds, which favored the US Dollar against the Japanese Yen. The BoJ decision in 2024 to gradually abandon the ultra-loose policy, coupled with interest-rate cuts in other major central banks, is narrowing this differential.
The Japanese Yen is often seen as a safe-haven investment. This means that in times of market stress, investors are more likely to put their money in the Japanese currency due to its supposed reliability and stability. Turbulent times are likely to strengthen the Yen’s value against other currencies seen as more risky to invest in.
The Pound to US Dollar (GBP/USD) exchange rate came under notable pressure on Monday as investors reacted to renewed geopolitical tensions in the Middle East.
At the time of writing, GBP/USD was trading near $1.3263, down roughly 0.6% compared to the start of the session.
The US Dollar rallied sharply at the beginning of the week, benefiting from a flight to safety as geopolitical risks escalated.
Investor sentiment deteriorated after US President Donald Trump delivered a firm warning to Iran, calling for the reopening of the Strait of Hormuz within a tight timeframe or risking direct military action against strategic targets.
Iran responded with its own threats, signalling that any US intervention would be met with significant retaliation, including potential disruption to vital infrastructure and shipping routes across the Persian Gulf.
This exchange heightened fears of a broader conflict, with markets increasingly concerned about the implications for global energy supply and the risk of a prolonged disruption to oil shipments through the region.
As a result, demand for the safe-haven US Dollar increased markedly.
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Despite its losses against the US Dollar, the Pound held firmer against several other currencies, supported by expectations that the Bank of England may need to raise interest rates further.
With the UK facing growing inflationary pressures linked to rising energy costs, investors are now pricing in the possibility of multiple rate increases over the course of the year.
Short-Term GBP/USD Forecast: UK PMIs in Focus
Developments in the Middle East will remain a key driver of the Pound to US Dollar exchange rate, but upcoming UK economic data could also influence direction.
The release of the latest preliminary PMI figures is expected to provide an early indication of how the UK economy is coping amid the current geopolitical backdrop.
If the services sector continues to show resilience, it could offer some support to Sterling. However, any signs of weakness may leave the currency vulnerable to further losses.
At the same time, any escalation in tensions, particularly if the US follows through on its threats against Iranian energy infrastructure, could reinforce demand for the US Dollar as investors seek safer assets.
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The EURJPY pair moves away from 182.00 support, affected by the positivity of the main indicators, attacking the barrier at 184.20 which represents %66.8 Fibonacci corrective level as appears in the above image.
Note that the continuation of the stability below the barrier that might push it to provide new bearish trading, reaching 183.40 and 182.65, while breaching the barrier and holding above it will confirm its readiness to form strong bullish waves, to expect reaching 184.80, attempting to reach the next target near 185.45.
The expected trading range for today is between 183.40 and 184.20
The Japanese Yen (JPY) begins the week on a strong foot as USD/JPY falls some 0.67% on Monday amid an improvement in risk appetite, following the White House’s delay of attacks on Iran for five days and its claim that the US had “very productive” talks with Tehran. At the time of writing, the pair trades at 158.06.
USD/JPY Price Forecast: Technical Outlook
Last Friday, the USD/JPY technical picture was bullish-biased, but the sudden reversal on Monday could open the door to a test of the next key support at 156.46, the March 5 swing low.
Momentum remains bullish but appears to be fading, as indicated by a falling Relative Strength Index (RSI) that is about to clear the 50-neutral level.
If USD/JPY closes the day below the 20-day SMA at 157.91, it would form a bearish engulfing pattern, clearing the way for further downside. The next support would be 157.50, followed by the 157.00 figure, the March 5 cycle low, and the 100-day SMA at 156.16. Below this level, the next area of interest is the February 23 daily low at 153.99.
On the upside, bulls must climb back above 159.00 if they want to remain hopeful of challenging the 160.00 milestone.
USD/JPY Price Chart – Daily
USD/JPY Daily Chart
Japanese Yen Price Today
The table below shows the percentage change of Japanese Yen (JPY) against listed major currencies today. Japanese Yen was the strongest against the US Dollar.
USD
EUR
GBP
JPY
CAD
AUD
NZD
CHF
USD
-0.47%
-0.77%
-0.71%
-0.09%
-0.01%
-0.68%
-0.35%
EUR
0.47%
-0.30%
-0.20%
0.42%
0.59%
-0.22%
0.12%
GBP
0.77%
0.30%
0.09%
0.73%
0.89%
0.08%
0.41%
JPY
0.71%
0.20%
-0.09%
0.64%
0.70%
-0.03%
0.35%
CAD
0.09%
-0.42%
-0.73%
-0.64%
0.06%
-0.72%
-0.31%
AUD
0.00%
-0.59%
-0.89%
-0.70%
-0.06%
-0.80%
-0.38%
NZD
0.68%
0.22%
-0.08%
0.03%
0.72%
0.80%
0.36%
CHF
0.35%
-0.12%
-0.41%
-0.35%
0.31%
0.38%
-0.36%
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Japanese Yen from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent JPY (base)/USD (quote).
