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USDJPY rises above key 200-day moving average near 158.02
The breakout is tied to a move higher in U.S. Treasury yields, which has been a major driver for the pair’s 2026 advance via the carry trade.
The USDJPY is gaining upward momentum after moving above its key 200-day moving average, which is currently around 158.02, a level that had capped prior rallies.
Forexlive reports that after a Tuesday rebound that ran into sellers at the 200-day level, the pair pulled back toward swing support between 157.21 and 157.30, where buyers stepped in on multiple occasions during Tuesday and Wednesday.
The outlet also links the current push higher to a rise in U.S. Treasury yields, noting that the yield advantage has supported USDJPY throughout 2026 and is a key driver of the carry trade.
Forexlive says traders now view the 200-day moving average as the risk-defining line for the bullish bias, with 158.24 cited as the high so far, and a move back below the level likely shifting attention back toward the 100-hour moving average.