The USD/JPY pair faces stir resistance at around 156.50 retreats as the US 10-year Treasury note yield drops three and a half basis points, a headwind for the Greenback.
USD/JPY faces resistance at 156.50 as 10-year Treasury yields decline. Bullish technical outlook with waning momentum; RSI under 50 could signal potential losses. Resistance levels lie at 156.76, 157.00, and YTD high of 160.32. Key support emerges at 156.00, Senkou Span A , and Kijun-Sen . The positive correlation between the major and the US 10-year note yield weighed on the pair, down 0.06%, and trades at 156.19.
Up next would be the May 1 high at 157.98, ahead of challenging the year-to-date high of 160.32. On the flip side, and the most likely path in the near term, if USD/JPY tumbles below 156.00, the first support would be the Senkou Span A at 155.61. Once cleared, the next stop would be the Kijun-Sen at 155.18 ahead of 155.00. USD/JPY Price Action – Daily Chart USD/JPY Overview Today last price 156.21 Today Daily Change -0.04 Today Daily Change % -0.03 Today daily open 156.25 Trends Daily SMA20 155.
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