The USD/JPY trades higher near the 159.70 level on Thursday, March 26, maintaining an overall bullish bias as the US Dollar (USD) remains supported while the Japanese Yen (JPY) stays under pressure.
United States (US) President Donald Trump stated that the recent spike in Oil prices and the decline in the stock market during the tensions with Iran were not as severe as he had anticipated. During a public appearance with Cabinet members, Trump expressed confidence in the war effort and asserted that any economic damage would eventually be reversed.
In response, the USD remains strong, supported by Trump’s comments, safe-haven demand, and stable yields amid ongoing geopolitical tensions. Despite some fluctuations in risk sentiment, the overall trend still favors the US Dollar, as markets adjust their expectations for aggressive easing by the Federal Reserve (Fed.
Short-term technical analysis:
In the 4-hour chart, USD/JPY trades at 159.64. The near-term bias is neutral as the pair consolidates near recent highs above both the 20-period and 100-period Simple Moving Averages (SMAs), which continue to slope higher and track an underlying uptrend. Price holding above the shorter SMA suggests buyers retain control on dips, while the Relative Strength Index (RSI) around 60 shows firm but not extreme upside momentum, leaving room for further gains as long as the pair stays supported above the moving average cluster.
Immediate support aligns at 159.44, followed by 159.28, where prior horizontal levels reinforce a demand zone on pullbacks. A sustained hold above these supports would keep the focus on resistance at 159.70, with a clear break opening the way for an extension of the bullish leg on the 4-hour horizon. A decisive drop below 159.28 would weaken the current positive tone and expose the 20-period SMA as the next downside reference.
(The technical analysis of this story was written with the help of an AI tool.)
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