USD/JPY: Down 1.46% to 153.92 — RSI Signals Oversold
MarketsFN Team
USD/JPY: Down 1.46% to 153.92 — RSI Signals Oversold
Published: September 08, 2026 · MarketsFN Team
| Pair | Rate | Change | RSI(14) | SMA-20 | SMA-50 | 52W High | 52W Low | Pivot | R1 | S1 |
|---|---|---|---|---|---|---|---|---|---|---|
| USD/JPY | 153.92 | -1.46% | 25.1 | 158.69 | 160.36 | 163.86 | 153.92 | 155.50 | 156.94 | 154.76 |
USD/JPY is trading at 153.92, down 1.46% on the day, extending its decline from the previous close of 156.20. The pair is currently trading within a day range of 152.88 to 154.37, nearing the lower end of its 52-week range of 153.92 to 163.86. This downward movement is consistent with the prevailing downtrend, as evidenced by the rate being below both the 20-day and 50-day simple moving averages at 158.69 and 160.36, respectively.
The Relative Strength Index (RSI) stands at 25.1, indicating that USD/JPY is in oversold territory, suggesting a potential for a technical rebound. However, the Average True Range (ATR) of 1.60 signifies ongoing daily volatility, underscoring the uncertainty in the pair's short-term direction.
Key technical levels to watch include the pivot at 155.50, with resistance at R1: 156.94 and support at S1: 154.76. Given the current rate, a move towards the pivot and potentially R1 could be anticipated if buying interest emerges. Conversely, a breach of S1 could signal further downside.
The market may be underpricing the potential for a bounce given the oversold RSI reading. A forward catalyst to confirm or invalidate this view would be the release of US non-farm payroll data later this week, which could significantly impact USD/JPY's direction.
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