The USD/JPY currency pair is ending the trading week with gains near the 159.28 area. Moving averages indicate a bullish trend. Prices have broken above the signal lines, indicating upward pressure from US dollar buyers and potential continued growth from current levels. Currently, we expect an attempt to further advance the price and test the resistance level near the 159.85 area. This should be followed by a downward rebound and a continued decline below 152.25.
USD/JPY Weekly Forecast June 1 – 5, 2026
An additional signal favoring a decline in the USD/JPY pair this trading week will be a rebound from the descending trend line on the relative strength indicator. The second signal will be a rebound from the upper boundary of the Head and Shoulders reversal pattern. A strong rally and a breakout of the 161.65 area would cancel out the USD/JPY downside scenario for the current trading week (June 1-5, 2026). This would indicate a breakout of the resistance area and continued growth in the Forex market above 164.35. A downside scenario for the USD/JPY pair would be confirmed by a breakout of the support area and a price close below 155.05, which would indicate a breakout of the lower boundary of the Head and Shoulders reversal pattern and the beginning of the pattern’s implementation with targets below.
USD/JPY Weekly Forecast June 1 – 5, 2026 suggests an attempt to develop a bullish correction and a test of the resistance level near 159.85. From here, we should expect the pair to continue falling below 152.25. A test of the trendline on the relative strength indicator (RSI) would be an additional signal of decline. A strong rally and a breakout of 161.65 would cancel out the downward trend. This would indicate continued upside with a potential target above 164.35.
