USD/JPY Breaks Below Four-Week Trading Range

Key Facts

1USD/JPY fell 0.8% during late Asian and early European trading on Thursday.

2The price broke below the floor of a four-week range after being capped by the 200-day moving average.

USD/JPY fell 0.8% during late Asian and early European trading on Thursday, October 22, 2026. FXStreet reported that the price broke below the floor of a four-week trading range after being capped by the 200-day moving average.

The bearish breakout followed repeated failures to breach technical resistance at the 200-day moving average and the daily cloud top. This downward movement on October 22, 2026, ended a period of consolidation, as the pair moved below the multi-day support levels that had characterized its price action over the preceding month.