# USD/JPY tests its five-year line

> USD/JPY is sitting near a major support zone as Fed and BoJ decisions put yen policy back in focus.
- Title: USD/JPY tests its five-year line · TradingView | Shortify
- Summary: USD/JPY is sitting near a major support zone as Fed and BoJ decisions put yen policy back in focus. The pair’s next move may depend less on rate hikes…
- Keywords: usd/jpy, u.s. dollar, japanese yen, forex.com, tradingview, five-year trendline, fed, bank of japan, kazuo ueda, scott bessent, japan inflation, japanese bonds
- Source: TradingView — https://tradingview.com/chart/USDJPY/f5P2gjnv-USD-JPY-the-5-Year-Trendline
- Published: 2026-09-15T19:47:47+00:00
- Read time: 1 min
- Topics: usd/jpy, u.s. dollar, japanese yen, forex.com, tradingview, five-year trendline, fed, bank of japan, kazuo ueda, scott bessent, japan inflation, japanese bonds
## Support sits near 153
USD/JPY’s current support is around 153, right where a long-term trendline from 2021 lows now meets the market.

> USD/JPY current support plots around 153
## Central banks line up
Both the Fed and the Bank of Japan are expected to hike this week. The bigger issue is what they say after the decisions.

> both the Fed and BoJ expected to hike later this week
## Bessent raised the stakes
Scott Bessent’s recent comment suggested the BoJ or Japanese policymakers may have more to say about the yen.

> he seemed to imply that the BoJ and/or Japanese policymakers might have more on the matter
## Inflation is still short
Japan’s inflation remains below the 2 percent target, but oil prices and a weak yen are making future inflation harder to ignore.

> inflation in Japan remains below their 2% target
## Bond pressure is building
As Japanese 10-year yields move above 3 percent, yen weakness gives bond holders less reason to stay comfortable in that debt.

> Japanese 10-year debt which is getting more and more comfortable above the 3% level
## Ueda holds the key
For JPY, USD and the wider FX market, the key moment is what Kazuo Ueda says at the BoJ rate decision.

> what else might Kazuo Ueda have to say at the BoJ rate decision
## Key takeaway

The pair’s next move may depend less on rate hikes themselves and more on what Kazuo Ueda signals about yen weakness, inflation and bonds.