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>>USD/JPY Holds Near 156.00 as the Market Remains Resilient After Trump’s State of the Union Address

USD/JPY Holds Near 156.00 as the Market Remains Resilient After Trump’s State of the Union Address

crypthub

about 5 hours ago

Market Stability Near 156.00

The USD/JPY pair held close to the 156.00 psychological level during Asian trading after President Trump’s State of the Union speech. The address sparked volatility, but the yen’s reaction has settled, signalling balanced investor sentiment. This steadiness reflects a temporary pause in the broader uptrend driven by interest‑rate differentials.

Technical and Liquidity Factors

The pair found support above 155.50, with buying pressure around 155.80 and 156.00 acting as a key resistance. Hourly charts show a consolidation pattern, while the 50‑day moving average at 155.20 and RSI near 55 indicate no extreme bias. Volume remains above the 30‑day average, and order flow during the London‑Tokyo overlap was evenly matched, sustaining the range.

Policy Drivers and Outlook

Trump’s emphasis on tax cuts, infrastructure spending, and a tougher trade stance bolsters the dollar, yet hints of Fed rate scrutiny add nuance. The Bank of Japan’s Yield Curve Control keeps 10‑year JGB yields near 1 %, preserving a wide rate gap that favors the USD. Analysts expect the pair to test 156.50 upward or dip below 155.00, with upcoming U.S. payrolls, CPI data, and BOJ minutes likely to trigger the next move.