The USD/JPY currency pair continues to move within the framework of a 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 144.15. 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 June 17, 2025, we can expect an attempt at a bullish correction and a test of the resistance area near the 144.75 level. Further, a rebound in prices downwards and a continuation of the decline of the USD/JPY pair to an area below the 140.35 level.
USD/JPY Forecast Japanese Yen for June 17, 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 “Triangle” pattern. A strong rise and a breakout of the 146.25 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 can expect the pair to continue rising to above 148.75. We can expect confirmation of a price decline with a breakout of the support level and consolidation of the price below 142.05, which will indicate a breakout of the lower boundary of the “Triangle” pattern and the beginning of the pattern’s realization with targets below.
USD/JPY Forecast Japanese Yen for June 17, 2025suggests an attempt to develop a bullish correction with a test of the resistance zone near the 144.75 level. Then, the bearish momentum of quotes will continue to develop in the area below the 140.35 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 146.25 area will cancel the decline scenario. This will indicate a breakout of the resistance level and a continuation of the pair’s rise with a potential target above the 148.75 level.
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