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ForexMedium•23 February 2026•

1 min read

USD/JPY Forecast: 156 Level Becomes New Battleground Following US Tariff Ruling

Donald Trump against maps of the US and Iran, with oil barrels, pipelines, derricks, and upward financial charts amidst flames.

Key Facts

1The USD/JPY pair made significant gains last week ahead of a US legal ruling.

2The US Supreme Court issued a ruling on trade tariffs that could trigger market volatility.

The USD/JPY pair recorded significant gains over the past week as markets anticipated major legal developments in the United States. A recent US Supreme Court ruling concerning trade tariffs has introduced a new layer of uncertainty, potentially triggering heightened market volatility. Market analysts have identified the 156.00 level as a critical technical and psychological zone that will dictate upcoming price action. Legal clarity regarding trade policies is expected to directly impact trade balance expectations and the relative strength of the US Dollar against the Yen. Traders are now bracing for potential trend shifts and sharp reversals as the pair tests key support and resistance levels. The ripple effects of this ruling may also extend to the Nikkei 225, given the index's sensitivity to currency fluctuations.