Risk Disclaimer: The example below is for illustrative purposes only and is based on price movements derived from Contracts for Difference (CFDs). The calculations reflect hypothetical outcomes using historical or specified price data for the relevant instrument on the stated date and are not indicative of future performance. Any reliance placed on this material is strictly at the user’s own risk.
Weekly Special Report: USD/JPY
EVENTS (U.S.A):
- FRIDAY, OCTOBER 2 AT 13:30 GMT+1: U.S. NONFARM PAYROLLS (NFP) AND UNEMPLOYMENT RATE
(SEPTEMBER). The U.S. labor market has shown a clear weakening trend over the past few years, with slower job creation and unemployment currently at 4.1%. The labor market will remain a key focus, and further weakness could reduce expectations of interest rate hikes, weighing on the U.S. dollar.
- MONDAY, OCTOBER 5 AT 15:00 GMT+1: U.S. ISM NON-MANUFACTURING PMI (SEPTEMBER). Investors will also follow the ISM Non-Manufacturing PMI for further signs of the strength of the U.S. services sector, which accounts for most of the U.S. economy. A weaker than expected reading could increase weighing on the U.S. dollar and USD/JPY prices.
- FRIDAY, OCTOBER 9 AT 15:00 GMT+1: U.S. MICHIGAN CONSUMER SENTIMENT (OCTOBER). US consumer sentiment fell to 48.1 in September from 55.2 in July. If the index shows further weakness in October, this could revive concerns about the US economy, potentially having a negative impact on the US dollar and USD/JPY prices.
CENTRAL BANKS: U.S. FEDERAL RESERVE
- WEDNESDAY, OCTOBER 28: US FEDERAL RESERVE (FED) INTEREST RATE DECISION. The US Fed is scheduled to meet next on October 28 and will announce its latest interest rate decision. The press conference, hosted by Fed Chair Kevin Warsh. The Fed’s benchmark rate currently stands at 4.00%, and it remains unclear how many rate cuts may follow in 2026, if any. Each upcoming Fed meeting provides investors with an opportunity to assess what lies ahead in terms of monetary policy in the U.S. economy.
CENTRAL BANKS: BANK OF JAPAN
- FRIDAY, OCTOBER 30: BANK OF JAPAN (BOJ) INTEREST RATE DECISION. The BOJ raised rates by 25 basis points in September, from 1.00% to the current 1.25%. This has pushed rates to their highest level since 1995. The bank is also expected to announce plans for further rate increases in 2026 and 2027. Expectations of further BOJ rate hikes could support the Japanese yen and put downward pressure on USD/JPY prices.
TECHNICAL ANALYSIS:
- STRONG RESISTANCE: 160. The 160 and above area has remained a strong resistance zone since April 2024, having been tested only a few times. The 160 level has become a major resistance zone following the latest Bank of Japan and U.S.–Japan joint intervention. A sustained break above 160 could trigger renewed intervention risks as Japan looks to prevent further yen weakness. However, the pair could also rise further.
GRAPH (Weekly): December 2023 – October 2026
Please note that past performance does not guarantee future results
USD/JPY, October 1, 2026
Current Price: 158.30
Example of calculation based on weekly market trend for 1.00 Lot1
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USD/JPY
|
|
Pivot Points
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Resistance 3
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Resistance 2
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Resistance 1
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Support 1
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Support 2
|
Support 3
|
|
Profit or loss in $
|
-1,709
|
-1,392
|
-1,076
|
1,139
|
2,089
|
3,354
|
|
Profit or loss in €2
|
-1,515
|
-1,234
|
-954
|
1,010
|
1,851
|
2,973
|
|
Profit or loss in £2
|
-1,293
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-1,053
|
-814
|
862
|
1,580
|
2,538
|
|
Profit or loss in C$2
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-2,434
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-1,983
|
-1,533
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1,623
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2,975
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4,778
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- The above calculations are made based on 1.00 lot which is equivalent of 100,000 units
- Calculations for exchange rate used as of 14:45 (GMT+1) 01/10/2026
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