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PropInsider Radar Events USD/JPY Tests Nine-Day EMA Support Below 157.50
Medium Priority Neutral Sentiment news

USD/JPY Tests Nine-Day EMA Support Below 157.50

Event Date: Oct 2, 2026

Analysis Summary

USD/JPY dipped to around 157.30 during Asian hours on Tuesday, slipping below the 157.50 level and testing its nine-day exponential moving average (EMA) support. The pair remains confined within a symmetrical triangle, signaling consolidation and indecision among market participants. A sustained break below the EMA could open the door to further bearish moves toward the lower triangle trendline near 156.80, while a rebound would keep the pair range-bound above 157.00.

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