Fundamental Market Analysis for April 10, 2026 USDJPYUS Dollar/Japanese YenSAXO:USDJPYFresh-Forexcast2004USD/JPY is trading near 159.200 on Friday, remaining close to levels that are drawing increased attention from the Japanese authorities. The yen is still suffering from the effects of expensive energy and the weakness seen in recent weeks, but easing tensions in the Middle East is gradually removing part of the external pressure. The pair’s further upside potential looks limited. An additional argument in favor of the yen comes from Japan’s policy backdrop. This week, the International Monetary Fund called on the Bank of Japan to continue raising rates, while Japanese officials once again warned that they are ready to take decisive measures against speculative moves. For the market, this is an important signal, as the 159–160 area is already considered sensitive from the standpoint of possible intervention. The domestic fundamental picture is also shifting in favor of the yen. The Bank of Japan keeps its deposit rate at 0.75%, companies have agreed to wage increases of more than 5% for the third consecutive year, and the central bank leadership acknowledges that a weak currency and expensive energy are intensifying inflation. If the dollar continues to lose support after today’s US data, the pair may have room to decline. Trading recommendation: SELL 159.200, SL 159.650, TP 157.850