The USD/JPY currency pair continues to move as part of a correction and the formation of a Triangle pattern. At the time of publication of this forecast, the US Dollar to Japanese Yen exchange rate is 151.81. Moving averages indicate a short-term bullish trend for the pair. Prices have broken above the signal line area, indicating upward pressure from US Dollar buyers and potential continued price growth from current levels. The Japanese Yen exchange rate forecast for October 23, 2025, anticipates an attempt to continue the decline and a test of the support area near 151.65. This will then lead to an upward price rebound and continued growth in the USD/JPY pair above 153.45.
USD/JPY Forecast Japanese Yen for October 23, 2025
An additional signal favoring the USD/JPY 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 Triangle pattern. A decline and a breakout of 150.65 will cancel out the upside potential for the USD/Yen pair. This will indicate a breakout of the support area and continued decline in the USD/Yen pair. In this case, we should expect a continued decline below 148.85. Confirmation of the price increase should be expected with a breakout of the resistance level and a consolidation above 152.45, which will indicate a breakout of the upper boundary of the Triangle pattern and the beginning of the pattern’s implementation.
USD/JPY Forecast Japanese Yen for October 23, 2025 suggests an attempt at a bearish correction with a test of the support zone near 151.65. Then, the bullish momentum in quotes will continue to develop above 153.45. A test of the trend line on the relative strength indicator (RSI) will support the pair’s upside. A decline in quotes and a breakout of 150.65 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 148.85.
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