The USD/JPY currency pair continues to move within the correction and completion of the “Triangle” pattern. At the time of publication, the US dollar to Japanese yen exchange rate is 145.87. Moving averages indicate a short-term bearish trend for the pair. Prices have broken through the signal lines downwards, indicating pressure from US dollar sellers and a potential continuation of the decline from current levels. As part of the forecast for the Japanese yen for the week of June 23 — 27, 2025, we can expect an attempt at a bullish correction and a test of the resistance area near the 146.45 level. Further, a rebound in prices downwards and a continuation of the decline of the USD/JPY pair to an area below the 135.25 level.
USD/JPY Weekly Forecast June 23 — 27, 2025
An additional signal in favor of a decline in the USD/JPY currency pair will be a test of the resistance line on the relative strength indicator. The second signal will be a rebound from the upper border of the “Triangle” pattern. A strong rise and a breakout of the 149.05 level will cancel the option of a decline in the dollar-yen currency pair. This will indicate a breakout of the resistance area and a continuation of the rise in the dollar-yen currency pair. In this case, we should expect the pair to continue to decline to below the 152.65 level. Confirmation of the price decline should be expected with a breakout of the support level and consolidation of the price below 141.35, which will indicate a breakout of the lower boundary of the “Triangle” pattern and the beginning of the pattern’s realization with targets below.
USD/JPY Weekly Forecast June 23 — 27, 2025 suggests an attempt at a bullish correction with a test of the resistance zone near the 146.45 level. Then, the bearish momentum of quotes will continue to develop in the area below the 135.25 mark. A test of the trend line on the relative strength indicator will support the pair’s decline. A strong rise in quotes and a breakout of the 149.05 area will cancel the decline scenario. This will indicate a breakout of the resistance level and a continuation of the pair’s rise with a potential target above 152.65.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
