The USD/JPY currency pair is ending the trading week with a sharp decline near the 157.26 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 at a price correction and a test of the support level near the 155.55 area. This should then lead to an upward rebound and continued growth above 165.85.
USD/JPY Weekly Forecast May 4 – 8, 2026
An additional signal in favor of growth for the USD/JPY pair this trading week will be a rebound from the bullish trend line on the relative strength indicator. The second signal will be a rebound from the lower boundary of the bullish channel. A decline and a breakout of the 153.65 area will cancel out the USD/JPY uptrend during the current trading week (May 4-8, 2026). This would indicate a breakout of the support area and a continued decline in the Forex pair below 150.75. A breakout of the resistance area and a price close above 161.85 would confirm a rise in the USD/JPY pair.
USD/JPY Weekly Forecast May 4 – 8, 2026 suggests an attempt at a bearish correction and a test of the support level near 155.55. From there, we should expect continued growth above 165.85. An additional signal in favor of growth 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 153.65. This would indicate continued decline with a potential target below 150.75.
