The USD/JPY currency pair is ending the trading week with gains near the 158.32 area. Moving averages indicate a bullish trend. Prices are again testing the area between the signal lines, indicating pressure from US dollar buyers and potential continued growth from current levels. Currently, we expect an attempt to continue the decline and a test of support near the 156.75 area. This should be followed by an upward rebound and continued growth above 163.75.
USD/JPY Weekly Forecast August 17 – 21, 2026
An additional signal in favor of an uptrend for the Dollar/Jpy pair this trading week will be a rebound from the support line on the relative strength indicator. The second signal will be a rebound from the upper boundary of the bullish channel. The USD/JPY uptrend for the current trading week (August 17-21, 2026) will be cancelled by a decline and a breakout of the 153.75 area. This would indicate a breakout of the support area and a continued decline in the Forex pair below 150.05. A breakout of the resistance area and a price close above 160.25 would confirm the USD/JPY uptrend.
USD/JPY Weekly Forecast August 17 – 21, 2026 suggests an attempt at a bearish correction and a test of the support level near 156.75. From there, we should expect continued growth above 163.75. An additional signal in favor of an uptrend would be a test of the trend line on the relative strength indicator. The pair’s upward trend would be cancelled if it falls and breaks below 153.75. This would indicate continued decline with a potential target below 150.05.
