USD/JPY Forecast: Yen Surges as Pair Breaks 200-Day MA
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USD/JPY has confirmed a major bearish reversal, slicing through its 200-day moving average as yen buying accelerates. The move follows public backing from US Treasury Secretary Scott Bessent for Japanese currency action, alongside increasingly hawkish BoJ rhetoric and rising odds of direct FX intervention.
Near-term, an oversold bounce is possible given the speed of the decline, but the broader forecast stays tilted lower. A failure to reclaim the 158.04/158.50 zone keeps sellers in control, opening a path toward 155.03 and 153.84 as the next downside objectives for the pair.