The USD/JPY currency pair continues to move in line with the upside. At the time of publication of this forecast, the US Dollar to Japanese Yen exchange rate is 154.76. 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 further decline from current levels. The Japanese Yen exchange rate forecast for February 24, 2026, anticipates an attempt at a bearish correction and a test of the support area near 154.15. Subsequently, an upward rebound and continued growth of the USD/JPY pair to above 157.15 are expected.
USD/JPY Forecast Japanese Yen for February 24, 2026
An additional signal for the USD/JPY pair to rise 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 153.45 will cancel out the upside potential for the USD/JPY pair. This will indicate a breakout of the support area and a continued decline in the USD/JPY pair. In this case, we should expect the pair to continue its decline below 152.25. A breakout of the resistance level and a consolidation above 155.55 should confirm the price increase.
USD/JPY Forecast Japanese Yen for February 24, 2026 suggests an attempt to develop a bullish correction with a test of the support zone near 154.15. Then, the bullish momentum in quotes will continue to develop above 157.15. A test of the trendline on the relative strength indicator (RSI) will support the pair’s growth. A decline in quotes and a breakout of 153.45 will cancel out the upward trend. This will indicate a breakout of the support level and a continued decline in the pair, with a potential target below 152.25.
