The USD/JPY currency pair continues to move within a downward trend and a bullish channel. At the time of publication of this forecast, the US Dollar to Japanese Yen exchange rate is 158.77. Moving averages indicate a short-term bullish trend for the pair. Prices are again testing the area between the signal lines, indicating selling pressure on the US Dollar and potential continued declines from current levels. The Japanese Yen exchange rate forecast for April 2, 2026, anticipates an attempt at a bearish correction and a test of the support area near 158.45. Subsequently, a price rebound upward and continued growth of the USD/JPY pair to above 160.85.
USD/JPY Forecast Japanese Yen for April 2, 2026
An additional signal supporting the USD/JPY currency pair’s growth will be a test of the support line on the relative strength indicator (RSI). A rebound from the lower boundary of the bullish channel will serve as a second signal. A decline and a breakout of 157.25 will cancel the upward trend for the USD/JPY currency pair. This will indicate a breakout of the support area and a continued decline in the USD/JPY currency pair. In this case, we should expect the pair to continue its decline below 155.35. A breakout of the resistance level and a consolidation above 159.25 should confirm the price increase.
USD/JPY Forecast Japanese Yen for April 2, 2026 suggests an attempt to develop a bearish correction with a test of the support zone near 158.45. Then, the bullish momentum will continue to develop above 160.85. A test of the trend line on the RSI will support the pair’s growth. The upside scenario would be cancelled if prices fall and break below 157.25. This would indicate a breakout of the support level and a continued decline in the pair, with a potential target below 155.35.
