The USD/JPY currency pair continues to move within the bullish correction and bullish channel. At the time of publication, the US dollar to Japanese yen exchange rate is 143.22. Moving averages indicate a short-term bearish trend for the pair. Prices have broken through the signal lines downwards, indicating pressure from US dollar sellers and a potential continuation of the decline from current levels. As part of the forecast for the Japanese yen on July 2, 2025, we can expect an attempt to develop an upward movement in quotes and a test of the resistance area near the level of 143.55. Further, a rebound in prices downwards and a continuation of the decline of the USD/JPY pair to an area below the level of 141.75.
USD/JPY Forecast Japanese Yen for July 2, 2025
An additional signal in favor of 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 upper border of the downward channel. A strong rise and a breakout of the 144.05 level will cancel the option of a decline in the dollar-yen currency pair. This will indicate a breakout of the resistance area and a continuation of the rise in the dollar-yen currency pair. In this case, we should expect the pair to continue rising to above the 146.25 level. Confirmation of the price decline should be expected with a breakout of the support level and the price consolidating below the 142.75 level.
USD/JPY Forecast Japanese Yen for July 2, 2025 suggests an attempt at a bullish correction with a test of the resistance zone near the 143.55 level. Then, the bearish momentum of the quotes will continue to develop in the area below the 141.75 mark. A test of the trend line on the relative strength indicator will support the pair’s decline. A strong rise in quotes and a breakout of the 144.05 area will cancel the decline scenario. This will indicate a breakout of the resistance level and a continuation of the pair’s growth with a potential target above the 146.25 level.
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