U.S. Dollar / Japanese Yen breaks out

We highlighted important chart setups and levels for the U.S. Dollar Index and the Euro / U.S. Dollar in Straight from the Chart on 10/6/2025.

The U.S. Dollar / Japanese Yen (USD/JPY) is on the move with an upside gap that preceded a breakout from a February into October triangle basing pattern on the rally above 151.30-150.91. Sustaining this breakout would signal upside potential on USD/JPY to 156.50 (chart resistance), 158.88 (January high), and 161.95 (July 2024 high).

Key supports: 151.30-150.91 (February-October base breakout zone), 149.955 (breakout point at the late September high), and 149.052 to 147.818 (big upside gap from 10/6).

Chart 1: U.S. Dollar / Japanese Yen