The USD/JPY currency pair continues to move as it continues to decline and begins to implement a “Wedge” reversal pattern. At the time of publication of this forecast, the US Dollar to Japanese Yen exchange rate is 158.82. Moving averages indicate a short-term bullish trend for the pair. Prices have broken below the signal lines, indicating downward pressure on the US Dollar and potential further decline from current levels. The Japanese Yen exchange rate forecast for April 1, 2026, anticipates an attempt at a bullish correction and a test of the resistance area near 159.35. Subsequently, a downward rebound is expected, and the USD/JPY pair continues to decline below 157.65.
USD/JPY Forecast Japanese Yen for April 1, 2026
An additional signal of a decline in the USD/JPY currency pair will be a test of the resistance line on the relative strength indicator. A second signal will be a rebound from the lower boundary of the bullish channel. A strong rally and a breakout of 160.55 would cancel out the downward trend in the USD/JPY currency pair. This would indicate a breakout of the resistance area and continued growth in the USD/JPY currency pair. In this case, we should expect the pair to continue rising above 162.65. Confirmation of the price decline should be expected with a breakout of the support level and a consolidation below 158.25, which would indicate a breakout of the lower boundary of the bullish channel.
USD/JPY Forecast Japanese Yen for April 1, 2026 suggests an attempt to develop a bullish correction with a test of the resistance zone near 159.35. Then, the bearish momentum in quotes should continue to develop below 157.65. A test of the trendline on the relative strength indicator (RSI) would support a decline in the pair. A strong rally and a breakout of the 160.55 level would invalidate the downside scenario. This would signal a breakout of the resistance level and continued growth, with a potential target above 162.65.
