The USD/JPY currency pair is ending the trading week with gains within a bullish channel near 149.88. Moving averages indicate an upward 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 at a bearish price correction and a test of support near 147.75. This should be followed by an upward rebound and continued growth above 160.55.
USD/JPY Weekly Forecast September 29 — October 3, 2025
An additional signal in favor of a rise in the USD/JPY pair this trading week will be a test of 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 144.65 area would cancel out the USD/JPY uptrend during the current trading week (September 29 – October 3, 2025). This would indicate a breakout of the support area and a continuation of the pair’s decline on Forex below 141.75. A breakout of the resistance area and a price close above 152.05 would confirm the USD/JPY uptrend, indicating a breakout of the upper boundary of the descending channel.
USD/JPY Weekly Forecast September 29 — October 3, 2025 suggests an attempt to develop a bearish correction and a test of the support level near 147.75. From there, we should expect the pair to continue to rise above 160.55. A test of the trendline on the relative strength indicator (RSI) will be an additional signal of growth. A decline and a break of 144.65 will invalidate the pair’s upward trend. This will indicate continued decline, with a potential target below 141.75.
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