USD/JPY Price Analysis and Trade Forecast: Daily Trading Signal

Daily Price Outlook

- USD/JPY consolidates below major resistance at 148.08.

- 50 EMA at 146.43 acts as a key support level.

- Neutral RSI suggests a wait-and-see mode for traders.

USD/JPY is trading near 146.74 after slipping below the 147.00 threshold, with resistance at 148.08 capping recent gains. Despite an earlier push higher, the pair has retreated toward the 146.64 pivot zone, which now acts as a key inflection point.

The 50 EMA at 146.43 provides nearby support, and a sustained move above 148.08 would be needed to signal bullish continuation toward 148.98 and potentially 150.53.

On the downside, 146.43 is the level to watch. A break below exposes the pair to further losses toward 145.86 and 144.97. The RSI reads 52.72, suggesting neutral-to-bullish momentum, though upside conviction remains soft.

Price is currently rangebound, with traders awaiting cues from upcoming U.S. inflation data and broader risk sentiment shifts. Unless USD/JPY breaks through 148.08, buyers may remain sidelined.

Momentum is tentative. A move above 148.08 may revive bullish sentiment, but holding above 146.64 is critical for near-term upside.

USD/JPY - Trade Ideas

Entry Price – Buy Above 146.640

Take Profit – 148.084

Stop Loss – 145.867

Risk to Reward – 1: 1.8

Profit & Loss Per Standard Lot = +$1444/ -$773

Profit & Loss Per Mini Lot = +$144/ -$77