The USD/JPY currency pair continues to move within a growing trend and a bullish channel. At the time of publication of this forecast, the US Dollar to Japanese Yen exchange rate is 155.64. Moving averages indicate a short-term uptrend 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 3, 2026, anticipates an attempt at a bearish correction and a test of the support area near 155.15. Next, a price rebound upward and continued growth of the USD/JPY pair to above 157.65.
USD/JPY Forecast Japanese Yen for February 3, 2026
An additional signal in favor of the USD/JPY currency pair 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 bullish channel. A decline and a breakout of 154.35 will cancel 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 a continued decline below 152.65. Confirmation of the price increase should be expected with a breakout of the resistance level and a consolidation above 156.05.
USD/JPY Forecast Japanese Yen for February 3, 2026 suggests an attempt at a bearish correction with a test of the support zone near 155.15. Then, the bullish momentum will continue to develop above 157.65. A test of the trendline on the relative strength indicator (RSI) will support the pair’s upside. A decline in prices and a breakout of 154.35 will cancel out the upward trend. This will indicate a breakout of the support level and continued decline with a potential target below 152.65.
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