USD/JPY May Extend Downtrend, Daily Chart Shows -- Market Talk

Dow Jones
Oct 15

0136 GMT - USD/JPY may extend its downtrend, says Fawad Razaqzada, market analyst at City Index and FOREX.com, in an email. The currency pair recently turned lower at resistance on a descending trendline drawn from July 2024 and January 2025 highs on the daily chart, the analyst notes. For now, interim resistance lies around 152.25-152.50, an area that has already been tested and held. For support, 151.00 is an important level, as it has acted as both support and resistance previously, Razaqzada says. "A decisive break below 151.00 could open the door towards 150.00 next," the analyst adds. USD/JPY is 0.3% lower at 151.35, LSEG data show. (ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

October 14, 2025 21:36 ET (01:36 GMT)

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