The USD/JPY currency pair continues to move within a developing correction and bullish channel. At the time of publication of this forecast, the US Dollar to Japanese Yen exchange rate is 159.58. Moving averages indicate a short-term bullish trend for the pair. Prices are again testing the area between the signal lines, indicating pressure from US Dollar buyers and potential continued price growth from current levels. The Japanese Yen exchange rate forecast for March 31, 2026, anticipates an attempt to continue the decline in quotes and a test of the support area near 159.15. Subsequently, an upward rebound and continued growth in the USD/JPY pair to above 161.25 is expected.
USD/JPY Forecast Japanese Yen for March 31, 2026
An additional signal supporting the USD/JPY currency pair’s growth will be a test of the support line on the relative strength indicator. A rebound from the lower boundary of the bullish channel will serve as a second signal. A decline and a breakout of 158.45 will cancel out the upside potential for the USD/JPY currency pair. This will indicate a breakout of the support area and continued decline in the USD/JPY currency pair. In this case, we should expect the pair to continue its decline below 156.55. Confirmation of the price increase should be expected with a breakout of the resistance level and a consolidation above 160.15, which would indicate a breakout of the upper boundary of the downward correction channel.
USD/JPY Forecast Japanese Yen for March 31, 2026 suggests an attempt to develop a bearish correction with a test of the support zone near 159.15. Then, the bullish momentum will continue to develop above 161.25. A test of the trendline on the relative strength indicator (RSI) would support the pair’s growth. A decline in prices and a breakout of the 158.45 level would invalidate the upward trend. This would signal a breakout of the support level and a continued decline, with a potential target below 156.55.
