USD/JPY Price Forecast: Pair consolidates below key moving averages

Time Trade session note (2026-10-07): USD/JPY trades in a narrow range on Wednesday, with the Japanese Yen (JPY) holding a slight advantage over the US Dollar (USD) as traders assess hawkish Bank… Primary source: original at FXStreet (fxstreet.com).

7 October 2026, 20:04 BST · FXStreet

USD/JPY trades in a narrow range on Wednesday, with the Japanese Yen (JPY) holding a slight advantage over the US Dollar (USD) as traders assess hawkish Bank of Japan (BoJ) signals. Intervention risks near the 160.00 level also keep traders cautious.

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