Today’s USD/JPY analysis (Monday, 2 November 2026) reviews the U.S. dollar against the Japanese yen (USD/JPY) on the daily timeframe. The pair is currently trading near 157.82, with a technical scenario pointing to a possible rise toward resistance before a wider bearish reversal.
📊 Levels Map
▲ Bullish scenario
Reversal scenario (nearest): a rise to test 162.76, then a bearish turn toward 148.31.
▼ Invalidation scenario
Reversal scenario (nearest): a rise to test 162.76, then a bearish turn toward 148.31.
USD/JPY at a glance
- Current price: around 157.82 (+0.21%).
- Resistance levels: 159.21, then 162.76, then 164.01.
- Major support (target): 148.31.
- Trend: bullish over the medium term above an ascending trendline, with a possible reversal from resistance.
Key technical levels
| Level | Value | Significance |
|---|---|---|
| Upper resistance | 164.008 | Recent range top |
| Major resistance | 162.761 | Potential reversal zone (with the trendline) |
| Resistance / pivot | 159.212 | First obstacle to the upside |
| Current price | 157.823 | Current trading zone |
| Major support (target) | 148.309 | Bearish reversal target |
The technical scenario
The technical scenario points to a possible rise first toward the resistance zone between 162.76 and 163 (where price meets the ascending trendline), followed by a bearish reversal targeting major support at 148.31.
Factors affecting USD/JPY
The pair is driven by the divergence between the U.S. Federal Reserve and the Bank of Japan, and by U.S. bond yields. Intervention risk from Japanese authorities also rises as the pair climbs toward elevated levels, a factor that could accelerate any bearish reversal.
Bottom line
Today’s USD/JPY analysis favors a rise toward resistance at 162.76 then a bearish reversal toward 148.31, as long as price stays below 164. Watching price’s reaction at resistance, along with Fed and BoJ commentary, remains the priority.
Frequently asked questions
USD/JPY is trading today near 157.82 on the daily timeframe, between resistance at 162.76 and major support at 148.31.
A rise toward resistance at 162.76 then a bearish reversal toward support at 148.31, provided price stays below 164.
A break and close above 164.01 cancels the reversal scenario and favors continued upside.
This content is for educational and informational purposes only and is not investment advice. Trading currencies involves risk; make your decisions based on your own circumstances and consult a professional if needed.
