USD/JPY Declines Amid Persistent Bearish Pressure

The US Dollar (USD) versus Japanese Yen (JPY) currency pair is currently trading at ¥156.84, having declined on the day. The price action indicates persistent downward pressure across both short- and long-term horizons.

Key moving averages are being closely watched, with USD/JPY sitting below all key moving averages. Momentum indicators confirm a pronounced sell bias, with negative intraday dynamics and little evidence of oversold extremes or divergences.

The expected trading range for the next 2 to 3 days is between ¥156.06 and ¥157.62. While there is a high probability of further declines unless price breaks above ¥157.64 resistance, downside risk remains elevated with limited rebound chances in the near term.