The USD/JPY currency pair continues to move within a strong decline and has broken out of the bullish channel. At the time of publication of this forecast, the US Dollar to Japanese Yen exchange rate is 157.81. Moving averages indicate a short-term bullish trend for the pair. Prices have broken above the area between 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 20, 2026, anticipates an attempt at a correction and a test of the resistance area near 158.65. Next, a downward price rebound and a continued decline in the USD/JPY pair below 154.55.
USD/JPY Forecast Japanese Yen for March 20, 2026
An additional signal favoring a decline in the USD/JPY currency pair will be a test of the resistance line on the relative strength indicator. A second signal will be a rebound from the lower boundary of the bullish channel, which was broken downward by bears. A strong rally and a breakout of 160.05 would cancel the downward trend in the USD/JPY currency pair. This would indicate a breakout of the resistance area and continued growth in the USD/JPY currency pair. In this case, we should expect a continued rise in the pair above 161.65. Confirmation of the price decline should be expected with a breakout of the support level and a consolidation below 157.25.
USD/JPY Forecast Japanese Yen for March 20, 2026 suggests an attempt to develop a bullish correction with a test of the resistance zone near 158.65. Then, the bearish momentum in quotes will continue to develop below 154.55. A test of the trendline on the relative strength indicator (RSI) will favor a decline. A strong rally and a breakout of 160.05 will cancel out this downward scenario. This will indicate a breakout of the resistance level and continued growth with a potential target above 161.65.
