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 147.16. Moving averages indicate a short-term bullish trend for the pair. Prices have broken below the signal lines, indicating downward pressure from US Dollar sellers and potential further price declines from current levels. The Japanese Yen exchange rate forecast for October 2, 2025, anticipates an attempt to continue the decline and a test of the support area near 146.85. Subsequently, a price rebound upward and continued growth of the USD/JPY pair to above 149.35.
USD/JPY Forecast Japanese Yen for October 2, 2025
An additional signal supporting the USD/JPY currency pair’s rise 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 145.85 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 143.35. A breakout of the resistance level and a consolidation above 147.85 should confirm the price increase.
USDJPY Forecast Japanese Yen for October 2, 2025 suggests an attempt to develop a bearish correction with a test of the support zone near 146.85. Then, the bullish momentum in quotes will continue to develop above 149.35. 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 145.85 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 143.35.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
