USDJPY rises amid higher oil prices and shifting expectations for Fed rates
The USDJPY pair is strengthening, with the Japanese yen under increasing pressure from oil price spikes and revised expectations for US monetary policy. The rate currently stands at 159.40. Find out more in our analysis for 13 March 2026.
Technical outlook
The USDJPY rate continues to move within an ascending channel, with buyers holding the price above the EMA-65, indicating persistent bullish pressure. Today’s USDJPY forecast suggests another attempt to extend the rally towards 160.35.
A combination of factors, such as yen weakness, rising oil prices.
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