| The price is moving above the 1.3860 level. Can the buyers keep the momentum going on the break? |
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USDJPY buyers defend key support as pair eyes break above 158.08
2026-03-06
USDJPY is trading higher on the day despite weaker U.S. jobs data. The move has been supported by favorable technicals, with the low for the day holding near the rising 100-hour moving average at 157.45, which also aligns with an upward-sloping trendline at roughly the same level. With the price currently above those supports, buyers retain the near-term control. A move back below that support zone would give sellers a foothold and could open the door for a deeper corrective move. Absent that, a break above the weekly high at 158.08 would likely lead to further upside probing as the broader uptrend continues.
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