FX.co ★ remington.kihn | USD/JPY

USD/JPY, Thursday, April 8, 2026

The USDJPY major currency pair yesterday continued its strong downward movement due to the weakening of the USD Index, creating a new daily low at the price level of 157.880. On the H4 timeframe this morning, a candle appears to be starting to move up to the price level of 158.670, rising above the orange EMA200 area and being held below the dynamic resistance crossover area of the blue EMA21 and purple EMA50. Meanwhile, the CCI14 indicator seems to be starting to move up towards the neutral area around the zero line. In general, the trading plan to SELL USDJPY for today is still a profitable option, by placing a stop loss at the EMA21 and EMA50 crossover area at the price level of 159.550, and setting the take profit target at the support area of 156.500.