The post Remains above 159.50 amid persistent bullish bias appeared on BitcoinEthereumNews.com.

USD/JPY edges lower after four days of losses, trading around 159.60 during the Asian hours on Monday. On the daily chart, technical analysis indicates a persistent bullish bias as the pair remains within the ascending channel pattern. The near-term bias is bullish as the USD/JPY pair holds well above the rising 50-day Exponential Moving Average (EMA) and extends the rebound that followed the mid-month pullback. The nine-day EMA tracks just below spot and has reasserted itself as dynamic support, underscoring persistent buying interest on shallow dips. The 14-day Relative Strength Index (RSI) sits in the high 60s, confirming strong upside momentum without yet registering extreme overbought conditions. The USD/JPY pair tests the 159.75, the highest since July 2024, reached on March 13, followed by the upper boundary of the ascending channel around 161.30. A break above the channel would lead the pair to hit the all-time high of 162.00, recorded in July 2024. The initial support lies at the lower boundary of the ascending channel at the nine-day EMA at 158.55. Further declines below this confluence support zone would weaken short-term price momentum and expose the medium-term average at 156.44. USD/JPY: Daily Chart (The technical analysis of this story was written with the help of an AI tool.) Japanese Yen Price Today The table below shows the percentage change of Japanese Yen (JPY) against listed major currencies today. Japanese Yen was the strongest against the US Dollar. USD EUR GBP JPY CAD AUD NZD CHF USD -0.28% -0.24% -0.08% -0.05% -0.39% -0.69% -0.28% EUR 0.28% 0.12% 0.22% 0.24% -0.11% -0.28% 0.00% GBP 0.24% -0.12% 0.17% 0.12% -0.23% -0.43% -0.07% JPY 0.08% -0.22% -0.17% 0.06% -0.30% -0.43% -0.19% CAD 0.05% -0.24% -0.12% -0.06% -0.34% -0.55% -0.19% AUD 0.39% 0.11% 0.23% 0.30% 0.34% -0.20% 0.23% NZD 0.69% 0.28% 0.43% 0.43% 0.55% 0.20%…

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Filed under: News - @ March 16, 2026 3:22 am