The USD/JPY currency pair continues to move within a developing correction and bullish channel. At the time of publication of this forecast, the US Dollar to Japanese Yen exchange rate is 156.35. Moving averages indicate a short-term bullish trend 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 January 6, 2026, anticipates an attempt to further increase prices and a test of the resistance area near 157.25. Subsequently, a downward rebound and a continued decline in the USD/JPY pair below 154.05 are expected.
USD/JPY Forecast Japanese Yen for January 6, 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. The second signal will be a rebound from the lower boundary of the bullish channel. A strong rally and a breakout of 158.75 would cancel the downward trend for the USD/JPY pair. This would indicate a breakout of the resistance area and continued growth for the USD/JPY pair. In this case, we should expect the pair to continue rising 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 January 6, 2026 suggests an attempt to develop a bullish correction with a test of the resistance zone near 157.25. Then, the bearish momentum in quotes will continue to develop below 154.05. A test of the trend line on the relative strength indicator (RSI) would support a decline in the pair. A strong rise in quotes and a breakout of the 158.75 level would cancel the downside scenario. This would indicate a breakout of the resistance level and continued growth of the pair, with a potential target above 160.45.
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