The USD/JPY currency pair continues to move within a growing trend and a bearish channel. At the time of publication of this forecast, the US Dollar to Japanese Yen exchange rate is 156.85. 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 6, 2026, anticipates an attempt to further increase quotes and a test of the resistance area near 157.15. Next, a price rebound and a continued decline in the USD/JPY pair below 152.85.
USD/JPY Forecast Japanese Yen for February 6, 2026
An additional signal favoring a decline in the USD/JPY currency pair will be a test of the resistance line on the relative strength indicator. A second signal will be a rebound from the upper boundary of the bearish channel. A strong rally and a breakout of 158.65 would cancel the downward trend in the USD/JPY pair. This would indicate a breakout of the resistance area and continued growth in the USD/JPY pair. In this case, we should expect a continued rise in the pair above 160.45. Confirmation of the price decline should be expected with a breakout of the support level and a consolidation below 155.35.
USD/JPY Forecast Japanese Yen for February 6, 2026 suggests an attempt at a bearish correction with a test of the support zone near 157.15. Then, the bullish momentum in quotes will continue to develop above 152.85. A test of the trendline on the relative strength indicator (RSI) will support the pair’s upside. A decline in quotes and a breakout of 158.65 will cancel out the upward trend. This will indicate a breakout of the support level and continued decline in the pair, with a potential target below 160.45.
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