The USD/JPY currency pair is ending the trading week with a sharp decline near the 156.68 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 should expect an attempt at a price correction and a test of the support level near the 155.45 area. This should then lead to an upward rebound and continued growth above the 164.95 level.
USD/JPY Weekly Forecast May 11 – 15, 2026
An additional signal favoring the USD/JPY pair’s growth this trading week will be a rebound from the bullish trendline on the relative strength indicator. A second signal will be a rebound from the lower boundary of the bullish channel. A decline and a breakout of the 151.55 area would cancel out the USD/JPY uptrend this trading week (May 11-15, 2026). This would indicate a breakout of the support area and a continuation of the pair’s decline on the Forex market below 148.45. A breakout of the resistance area and a price close above 162.05 would confirm a rally in the USD/JPY pair.
USD/JPY Weekly Forecast May 11 – 15, 2026 suggests an attempt at a bearish correction and a test of support near 155.45. From there, we should expect continued growth above 164.95. A test of the trendline on the relative strength indicator (RSI) would be an additional signal of growth. A decline and a break of 151.55 would cancel out the upside scenario. This would indicate continued decline with a potential target below 148.45.
