USD/JPY Price Forecast: Slips Below 152.00 As Bearish Momentum Builds

By Christian Borjon Valencia of FX Street

Editor • Feb 17, 2025 at 3:28 PM EST

USD/JPY eyes February 7 low of 150.93 as downtrend resumes.

Yen, Money, Wealth, Japanese Yen

Yen. Image Source: Pixabay

The USD/JPY retreats during the North American session and trades below the 200-day Simple Moving Average (SMA) of 152.70 for the second consecutive trading day. Thin liquidity conditions due to a holiday in the United States (US) keep the pair trading subdued below the 151.50 mark.

USD/JPY Price Forecast: Technical outlook

The USD/JPY downtrend resumed on Monday, with the pair dropping below 152.00. Sellers are eyeing a test of the latest cycle low, reached on February 7 at 150.93, which, once cleared, could pave the way for a 200 pip fall to challenge the December 3 swing low of 148.64.

The Relative Strength Index (RSI) remains bearish, favoring a further USD/JPY downside.

Conversely, if USD/JPY climbs past 152.00, buyers could test the 200-day SMA at 152.70. On further strength, the next resistance would be 153.00, ahead of the Senkou Span B at 153.73.

USD/JPY Price Chart – Daily

(Click on image to enlarge)

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