The USD/JPY currency pair continues to move within the framework of a bullish correction and the formation of a “Triangle” pattern. At the time of publication of the forecast, the US dollar to Japanese yen exchange rate is 146.74. 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 9, 2025, we can expect an attempt to develop an upward movement in quotes and a test of the resistance area near the level of 147.65. Further, a rebound in prices downwards and a continuation of the decline of the USD/JPY pair to an area below the level of 143.45.
USD/JPY Forecast Japanese Yen for July 9, 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 “Wolf Wave” pattern. A strong rise and a breakout of the 149.45 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 an area above the 151.65 level. Confirmation of the price decline should be expected with a breakout of the support level and consolidation of the price below the level of 144.65.
USD/JPY Forecast Japanese Yen for July 9, 2025suggests an attempt at a bullish correction with a test of the resistance zone near the 147.65 level. Then, the bearish momentum of quotes will continue to develop in the area below the 143.45 mark. A test of the trend line on the relative strength indicator will support the decline of the pair. A strong rise in quotes and a breakout of the 149.45 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 151.65 level.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
