--- title: "USDJPY Technicals. The USDJPY continues the stretch to the 2026 high." type: "News" locale: "en" url: "https://longbridge.com/en/news/278930140.md" description: "The USDJPY is extending upward, driven by rising oil prices and U.S. Treasury yields. Crude oil increased by 9.72%, while the 10-year yield rose to 4.257%. The pair is approaching the January high of 159.447, with key support levels at 158.875-158.90. If momentum continues, targets include 160.00 and 161.92. Short-term support is provided by the 100-bar and 200-bar moving averages at 159.05 and 158.99, respectively. A drop below these levels could shift the bias to bearish." datetime: "2026-03-12T18:58:38.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/278930140.md) - [en](https://longbridge.com/en/news/278930140.md) - [zh-HK](https://longbridge.com/zh-HK/news/278930140.md) --- # USDJPY Technicals. The USDJPY continues the stretch to the 2026 high. The **USDJPY continues to extend to the upside**, supported by a combination of higher oil prices and rising U.S. yields. Crude oil settled the day **up $8.48, or 9.72%**, while U.S. Treasury yields also moved higher, with the **10-year yield at 4.257%, up 5.1 basis points**. The rise in yields is helping to underpin the **USD broadly and the USDJPY in particular**. ### Price pushing toward key yearly highs From a technical perspective, the pair is **stretching toward the January high at 159.447**. The move higher today pushed the price back **above the earlier weekly high at 158.898**, which was also close to the **January 2025 high at 158.875**. With the market now trading near the **highest levels of the year**, the focus shifts to whether buyers can maintain momentum and push through the January high. However, if the price **rotates back below the 158.875–158.90 area**, it would likely disappoint buyers who are looking for a clean break to new highs and continued upside momentum. ### Upside targets if momentum continues If the price can **sustain a move above the January high**, the chart shows relatively limited resistance until the next cluster of technical targets. - 159.447 – January high - 160.00 – psychological level - 160.25 – 2024 swing high - 161.92 – next major historical resistance These represent the **closest upside targets** should the bullish momentum continue. ### Intraday technical view Looking at the **5-minute chart below**, the corrective pullback from the earlier high today briefly pushed the price **below the 100- and 200-bar moving averages** (blue and green lines). However, the move lower **found support near the 50% retracement of the rally from yesterday’s low**, around **158.54**. From that support area, buyers stepped back in. Initially, the rebound **stalled near the 200-bar moving average**, but the price eventually **broke above that level, based against it, and resumed the move higher**. The short-term risk levels now come from those moving averages: - 100-bar MA: 159.05 - 200-bar MA: 158.99 Both averages are **tilting higher** and should act as **near-term support**. A move back below them — and especially a break below **158.875** on the daily chart — would start to **shift the technical bias more bearish**. ### Related Stocks - [IEO.US](https://longbridge.com/en/quote/IEO.US.md) - [YCS.US](https://longbridge.com/en/quote/YCS.US.md) - [IXC.US](https://longbridge.com/en/quote/IXC.US.md) - [TLT.US](https://longbridge.com/en/quote/TLT.US.md) - [USDU.US](https://longbridge.com/en/quote/USDU.US.md) - [UCO.US](https://longbridge.com/en/quote/UCO.US.md) - [AGG.US](https://longbridge.com/en/quote/AGG.US.md) - [USO.US](https://longbridge.com/en/quote/USO.US.md) - [UUP.US](https://longbridge.com/en/quote/UUP.US.md) - [XLE.US](https://longbridge.com/en/quote/XLE.US.md) - [SHV.US](https://longbridge.com/en/quote/SHV.US.md) - [BND.US](https://longbridge.com/en/quote/BND.US.md) - [OILK.US](https://longbridge.com/en/quote/OILK.US.md) - [GOVT.US](https://longbridge.com/en/quote/GOVT.US.md) - [TLH.US](https://longbridge.com/en/quote/TLH.US.md) - [FXY.US](https://longbridge.com/en/quote/FXY.US.md) - [SHY.US](https://longbridge.com/en/quote/SHY.US.md) - [OIH.US](https://longbridge.com/en/quote/OIH.US.md) - [IBTH.US](https://longbridge.com/en/quote/IBTH.US.md) - [XOP.US](https://longbridge.com/en/quote/XOP.US.md) - [YCL.US](https://longbridge.com/en/quote/YCL.US.md) - [VGIT.US](https://longbridge.com/en/quote/VGIT.US.md) - [IEF.US](https://longbridge.com/en/quote/IEF.US.md) - [SCHR.US](https://longbridge.com/en/quote/SCHR.US.md) - [SPTB.US](https://longbridge.com/en/quote/SPTB.US.md) ## Related News & Research - [Former US Treasury Secretary Yellen says one Fed rate cut possible this year](https://longbridge.com/en/news/282774857.md) - [LIVE MARKETS-Crude reality: traders want "oil NOW!"](https://longbridge.com/en/news/282179396.md) - [LIVE MARKETS-Why the dollar might be ready for a new rally](https://longbridge.com/en/news/282815510.md) - [Bessent disparages IMF, World Bank forecasts, says US will quickly cycle through higher prices](https://longbridge.com/en/news/282733409.md) - [U.S. 1-year bills high rate 3.560%](https://longbridge.com/en/news/282718331.md)