USD/JPY morning forecast: could test ¥159 if crude oil rises further 2026/10/20

The story

USD/JPY rose approximately 0.4% on a closing-price basis the previous day, with the dollar strengthening and the yen weakening in New York trading. Oil prices are said to have acted as a factor behind yen weakness.

Today’s USD/JPY forecast range is ¥157.800–¥159.200, and the pair is viewed as potentially testing higher levels depending on oil price movements. NY crude oil futures temporarily rose into the $104 range amid developments in the Middle East and Russia-Ukraine situations.

If higher oil prices persist, USD/JPY could approach the ¥159 level for the first time since 24 September. Attention remains focused on oil price movements.

At a glance

TimingCreated at 20 October 2026, 7:30

USD/JPY range¥157.800–¥159.200

Crude oil trendsNY crude oil futures rose into the $104 range

FactorHigher oil prices may act as a factor behind yen weakness

Previous-day moveYesterday’s close was up approximately 0.4%, moving into the low ¥158 range

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