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 150.63. 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 continued price growth from current levels. The Japanese Yen exchange rate forecast for October 21, 2025, anticipates an attempt to continue the decline and a test of the support area near 150.15. Subsequently, a price rebound upward and continued growth of the USD/JPY pair to above 152.35.
USD/JPY Forecast Japanese Yen for October 21, 2025
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 be a second signal. A decline and a breakout of 148.45 will cancel out the USD/JPY currency pair’s upward trend. This will indicate a breakout of the support area and a continued decline in the USD/JPY currency pair. In this case, we should expect the pair to continue its decline below 146.35. Confirmation of the price increase should be expected with a breakout of the resistance level and a consolidation above 151.45, which would indicate a breakout of the upper boundary of the downward correction channel.
USD/JPY Forecast Japanese Yen for October 21, 2025 suggests an attempt at a bullish correction, testing the resistance zone near 150.15. Subsequently, the bearish momentum will continue to develop below 152.35. A test of the trendline on the relative strength indicator (RSI) would support a decline. A strong rally and a breakout of 148.45 would invalidate the downside scenario. This would signal a breakout of the resistance level and continued growth with a potential target above 146.35.
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