USD/JPY Price Forecast: Yen at 159.50 With 160 Directly Above — The Breakout That Breaks a 1990 Record

USD/JPY Price Forecast: Yen at 159.50 With 160 Directly Above — The Breakout That Breaks a 1990 Record

BBH expects a 25bps BoJ hike to 1.00% on April 28 with 66% already priced — but the Fed's 40% rate-hike probability and $108 Brent keep the dollar bid until 160 either breaks or gets defended | That's TradingNEWS

TradingNEWS Archive 3/26/2026 4:03:54 PM

Key Points

  • USD/JPY Rallied 5% From February Lows and Is Now Stalling Directly Under 160 — Momentum Divergence Is Building The 14-day RSI at 58 confirms upside momentum has moderated after the run from the February lows
  • A Break Above 160.40 Would Smash the 1990 Record — Japan Is Deploying $1.4 Trillion in Reserves to Stop It Finance Minister Katayama called the rally "disconnected from fundamentals" while Japan considers intervening in oil markets with its reserve war chest
  • Buy Dips to 158.30 With a Target of 161.95 — BoJ April Hike Is the Only Real Yen Catalyst The 20-day EMA at 158.30 is the key support for longs, with 157.50 and 156.50 below