The USD/JPY currency pair continues to move within a growing trend and a bullish channel. At the time of publication of this forecast, the US Dollar to Japanese Yen exchange rate is 158.94. Moving averages indicate a short-term bullish trend for the pair. Prices have broken above the signal lines, indicating upward pressure from US Dollar buyers and potential continued price growth from current levels. The Japanese Yen exchange rate forecast for March 12, 2026, anticipates an attempt at a correction and a test of the support area near 158.25. Subsequently, an upward rebound is expected, and the USD/JPY pair continues to rise above 160.45.
USD/JPY Forecast Japanese Yen for March 12, 2026
An additional signal in favor 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 boundary of the bullish channel. A decline and a breakout of 157.65 would cancel the upside scenario for the USD/Yen pair. This would indicate a breakout of the support area and continued decline in the USD/Yen pair. In this case, we should expect the pair to continue to decline below 156.45. Confirmation of the price increase should be expected with a breakout of the resistance level and a consolidation above 159.65.
USD/JPY Forecast Japanese Yen for March 12, 2026 suggests an attempt to develop a bearish correction with a test of the support zone near 158.25. Then, the bullish momentum in quotes will continue to develop above 160.45. A test of the trend line on the relative strength indicator (RSI) would support the pair’s upside. A decline and a breakout of 157.65 would cancel the upside scenario. This would indicate a breakout of the support level and continued decline in the pair with a potential target below 156.45.
