The USD/JPY currency pair continues to move as part of a strong decline and the formation of a Head and Shoulders reversal pattern. At the time of publication of this forecast, the US Dollar to Japanese Yen exchange rate is 158.50. 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 24, 2026, anticipates an attempt at a correction and a test of the support area near 158.05. Next, a price rebound upward and continued growth in the USD/JPY pair to above 160.75.
USD/JPY Forecast Japanese Yen for March 24, 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. A second signal will be a rebound from the lower boundary of the bullish channel. A decline and a breakout of 157.05 will cancel out the upward trend in the USD/JPY pair. This will indicate a breakout of the support area and continued decline in the USD/JPY pair. In this case, we should expect a continued decline below 155.25. Confirmation of the price increase should be expected with a breakout of the resistance level and a consolidation above 160.05.
USD/JPY Forecast Japanese Yen for March 24, 2026 suggests an attempt to develop a bearish correction with a test of the support zone near 158.05. Then, the bullish momentum in quotes will continue to develop above 160.75. A test of the trendline on the relative strength indicator (RSI) will support the pair’s growth. A decline in quotes and a breakout of 157.05 will cancel out the upward trend. This will indicate a breakout of the support level and a continued decline in the pair, with a potential target below 155.25.
