Quotes of the currency pair Dollar/Yen USD/JPY complete the trading week with growth near the area of 159.68. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers of the US dollar and a potential continuation of the growth of quotes from current levels. At the moment, we should expect an attempt to develop a price correction and a test of the support level near the 156.45 area. Then, a rebound upward and continued growth of the pair to the area above the level of 167.05.
USD/JPY Weekly Forecast April 27 – May 1, 2026
An additional signal in favor of growth in the Dollar/Yen pair this trading week will be a rebound from the bullish trend line on the relative strength index (RSI). The second signal will be a rebound from the lower border of the bullish channel. Cancellation of the option to raise the USD/JPY pair in the current trading week of April 27 – May 1, 2026 will be a fall and a breakdown of the 153.25 area. This option will indicate a breakdown of the support area and a continued fall of the pair on Forex to the area below the level of 150.45. Confirmation of growth in the USD/JPY pair will be a breakdown of the resistance area and closing of the price above the level of 161.45.
USD/JPY Weekly Forecast April 27 – May 1, 2026 suggests an attempt to develop a bearish correction and test the support level near the 156.45 area. Where can we expect the pair to continue to grow to the area above the level of 167.05. An additional signal in favor of growth will be a test of the trend line on the relative strength index (RSI). Cancellation of the option to raise the pair will be a fall and a breakdown of the level of 153.25. This will indicate a continuation of the pair’s fall with a potential target below the 150.45 area.
