The USD/JPY currency pair continues to move within the correction and bullish channel. At the time of publication, the US dollar to Japanese yen exchange rate is 146.22. 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 June 24, 2025, we can expect an attempt at a bearish correction and a test of the support area near the 145.95 level. Further, a rebound in prices and a continuation of the USD/JPY pair’s growth to an area above the 149.65 level.
USD/JPY Forecast Japanese Yen for June 24, 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 144.25 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 142.05. We can expect confirmation of price growth with a breakout of the resistance level and the price consolidating above 148.45.
USD/JPY Forecast Japanese Yen for June 24, 2025 suggests an attempt at a bearish correction with a test of the support zone near the 145.95 level. Then, the bullish momentum of the quotes will continue to develop in the area above the 149.65 mark. The test of the trend line on the relative strength indicator will support the pair’s growth. A decline in quotes and a breakout of the 144.25 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 the 142.05 level.
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