U.S. Dollar Holds the Line but USD/JPY Breaks First

The US dollar index is holding the long-term uptrend support that shaped its 2026 climb, while USD/JPY slips below its own trendline first. FOREX.com Market Analyst Razan Hilal breaks down the technical picture across the US dollar index and USD/JPY, and what could tip each one next. Hilal works through what stretched, oversold momentum tends to signal at long-term trend support, and why hawkish central bank expectations and geopolitical risk have underpinned dollar strength. The read also weighs how a potential US-Iran peace deal could unwind risk premiums and turn the trend, and what a confirmed dollar shift would mean for major currency pairs and precious metals. 0:00 Dollar Index Holds Its Trend 1:24 What a Dollar Breakout Does 3:22 Iran Deal Is the Wildcard 3:48 Dollar Yen Breaks Down First 5:21 Where the Yen Rebound Runs Discover Actionable Insights with the latest Market Outlook Reports: https://intel.stonex.com/offer?language=en&campaignId=A908C315-DC62-4F35-AC16-870BB71E84D1&utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_razan_hilal&utm_content=share Like and subscribe for more financial market insights. #StoneX #Forex #RazanHilal #USDJPY