Quotes for the USD/JPY currency pair continue to decline and have moved outside the bullish channel. At the time of this forecast, the US Dollar/Japanese Yen exchange rate stands at 157.30. Moving averages indicate a short-term bullish trend for the pair. Prices are re-testing the area between the signal lines, indicating selling pressure on the US Dollar and a potential continuation of the price decline from current levels. The forecast for the Japanese Yen exchange rate on September 28, 2026, anticipates an attempt at a bullish correction and a test of the resistance area near 158.15. This would be followed by a downward price rebound and a continued decline of the USD/JPY pair to levels below 155.15.
USD/JPY Forecast Japanese Yen for September 28, 2026
A test of the resistance line on the Relative Strength Index will serve as an additional signal favoring a decline in the USD/JPY currency pair. A second signal would be a rebound from the lower boundary of the bullish channel. The bearish scenario for the USD/JPY pair would be invalidated by a strong rally and a breakout above the 160.05 level; this would signal a break of the resistance zone and continued upward movement for the pair, likely extending beyond the 162.65 level. Confirmation of a price decline should be sought through a break of the support level and price consolidation below 157.35, indicating a breach of the bullish channel’s lower boundary.
USD/JPY Forecast Japanese Yen for September 28, 2026 anticipates an attempt at a bullish correction, testing the resistance zone near 158.15, followed by a resumption of bearish momentum pushing the rate below the 155.15 mark. A test of the trend line on the Relative Strength Index (RSI) supports the case for a decline. The bearish scenario would be invalidated by a strong rally and a breakout above the 160.05 area; this would signal a break of the resistance level and continued upward movement, with a potential target above 162.65.
