The USD/JPY currency pair continues to move as it continues to decline and begins to implement a Head and Shoulders reversal pattern. At the time of this forecast’s publication, the US Dollar to Japanese Yen exchange rate is 158.47. Moving averages indicate a short-term bullish trend for the pair. Prices are again testing the area between the signal lines, indicating pressure from US Dollar buyers and potential continued price growth from current levels. The Japanese Yen exchange rate forecast for April 9, 2026, anticipates an attempt to further increase prices and a test of the resistance area near 159.65. Subsequently, a downward rebound is expected, and the USD/JPY pair continues to decline below 155.45.
USD/JPY Forecast Japanese Yen for April 9, 2026
An additional signal supporting a decline in the USD/JPY currency pair will be a test of the resistance line on the relative strength indicator (RSI). A rebound from the lower boundary of the bullish channel will serve as a second signal. A strong rally and a breakout of 160.85 would cancel out the downside scenario for 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 161.75. Confirmation of the price decline should be expected with a breakout of the support level and a consolidation below 157.25.
USD/JPY Forecast Japanese Yen for April 9, 2026 suggests an attempt to develop a bullish correction with a test of the resistance zone near 159.65. Then, a continuation of the bearish momentum in quotes to the area below 155.45. A test of the trend line on the RSI would support a decline in the pair. A strong rally and a breakout of the 160.85 level would cancel out the downside scenario. This would indicate a breakout of the resistance level and continued growth of the pair, with a potential target above 161.75.
