The USD/JPY currency pair continues to move within the growth and bullish channel. At the time of publication, the US dollar to Japanese yen exchange rate is 148.85. Moving averages indicate a short-term bullish trend for the pair. Prices have broken through the signal lines upwards, indicating pressure from US dollar buyers and a potential continuation of price growth from current levels. As part of the forecast for the Japanese yen on July 31, 2025, we can expect an attempt to develop a decline in quotes and a test of the support area near the level of 147.85. Further, a rebound in prices and a continuation of the growth of the USD/JPY pair to the area above the level of 152.45.
USD/JPY Forecast Japanese Yen for July 31, 2025
An additional signal in favor of the growth of the USD/JPY currency pair will be a test of the support line on the relative strength indicator. The second signal will be a rebound from the lower border of the bullish channel. A fall and breakout of the 146.05 level will cancel the growth scenario for the dollar-yen currency pair. This will indicate a breakout of the support area and a continuation of the decline in the dollar-yen currency pair. In this case, we can expect the pair to continue falling to below the 144.75 level. Confirmation of the price growth should be expected with a breakout of the resistance level and consolidation of the price above the level of 149.85.
USD/JPY Forecast Japanese Yen for July 31, 2025 suggests an attempt at a bearish correction with a test of the support zone near the 147.85 level. Then, the bullish momentum of quotes will continue to develop in the area above the 152.45 mark. The test of the trend line on the relative strength indicator will support the growth of the pair. A decline in quotes and a breakout of the 146.05 area will cancel the rise scenario. This will indicate a breakout of the support level and a continuation of the pair’s decline with a potential target below 144.75.
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