The USD/JPY currency pair continues to move as part of a downward trend and the formation of a “Wedge” reversal pattern. At the time of publication of this forecast, the US Dollar to Japanese Yen exchange rate is 156.04. Moving averages indicate a short-term downtrend for the pair. Prices have broken above the area between the signal lines, indicating upward pressure from US Dollar buyers and potential continued price growth from current levels. The Japanese Yen exchange rate forecast for February 10, 2026, anticipates an attempt to continue the decline and a test of the support area near 155.35. Next, a price rebound upward and continued growth of the USD/JPY pair to above 158.25.
USD/JPY Forecast Japanese Yen for February 10, 2026
An additional signal in favor of the USD/JPY currency pair’s growth will be a test of the support line on the relative strength indicator. A second signal will be a rebound from the lower boundary of the Wedge reversal pattern. A decline and a breakout of 154.35 will cancel out the upward trend for the USD/JPY pair. This will indicate a breakout of the support area and continued decline in the USD/JPY pair. In this case, we should expect the pair to continue its decline to below 153.65. Confirmation of the price increase should be expected with a breakout of the resistance level and a consolidation above 156.65, which will indicate a breakout of the upper boundary of the Wedge reversal pattern and the beginning of the pattern’s implementation with targets above.
USD/JPY Forecast Japanese Yen for February 10, 2026, suggests an attempt at a bearish correction with a test of the support zone near 155.35. Then, the bullish momentum in quotes will continue to develop above 158.25. A test of the trendline on the relative strength indicator (RSI) would support the pair’s upside. A decline in quotes and a breakout of 154.35 would cancel out the upward trend. This would indicate a breakout of the support level and a continued decline in the pair with a potential target below 153.65.
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