The USD/JPY currency pair continues to move within a developing correction and a bullish channel. At the time of publication of this forecast, the US Dollar to Japanese Yen exchange rate is 150.59. 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 for continued price growth from current levels. The Japanese Yen exchange rate forecast for October 17, 2025, anticipates an attempt at further growth and a test of the resistance area near 151.25. Next, a downward price rebound and a continued decline in the USD/JPY pair below 148.05.
USD/JPY Forecast Japanese Yen for October 17, 2025
An additional signal for 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 upper boundary of the bearish channel. A strong rally and a breakout of 151.75 would cancel the downward trend in the USD/JPY pair. This would indicate a breakout of the resistance area and continued growth in the USD/JPY pair. In this case, we should expect a continued rise in the pair above 153.05. Confirmation of the price decline should be expected with a breakout of the support level and a consolidation below 150.05.
USD/JPY Forecast Japanese Yen for October 17, 2025 suggests an attempt at a bullish correction, testing the resistance zone near 151.25. Subsequently, the bearish momentum will continue to develop below 148.05. A test of the trendline on the relative strength indicator (RSI) would support a decline. A strong rally and a breakout of 151.75 would invalidate the bearish scenario. This would signal a breakout of the resistance level and continued growth with a potential target above 153.05.
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