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fxJul 23, 2026, 7:41 AM

USD/JPY Holds Above 163.00 Near 40-Year Highs

USD/JPY traded around 163.20 during European hours Thursday, holding above the nine-day and 50-day EMAs with a clear bullish bias.

USDJPY

USD/JPY edged higher during the European session on Thursday, trading near 163.20 after minor losses the previous day. The pair remains above freshly set 40-year highs.

The currency pair maintains a strong bullish bias, with price action staying above both the nine-day and 50-day exponential moving averages. Technical indicators continue to favor further upside momentum.

Source: FXStreet Forex News