The USD/JPY currency pair continue to move within the development of the correction and the descending channel. At the time of the publication of the forecast, the US Dollar to Japanese Yen exchange rate is 140.68. The moving averages indicate the presence of a short-term bearish trend for the pair. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers of the US Dollar and a potential continuation of the fall in prices from the current levels. As part of the forecast of the Japanese Yen exchange rate for April 22, 2025, we should expect an attempt to develop growth and a test of the resistance area near the level of 141.75. Then, a downward price rebound and a continuation of the fall of the USD/JPY pair to the area below the level of 138.25.
USD/JPY Forecast Japanese Yen for April 22, 2025
An additional signal in favor of the fall of 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 descending channel. The cancellation of the fall option for the Dollar/Yen currency pair will be a strong growth and a breakout of the 142.75 level. This will indicate a breakout of the resistance area and continued growth of the Dollar/Yen currency pair. In this case, we should expect the pair to continue to rise to the area above the 145.35 level. We should expect confirmation of the price fall with a breakout of the support level and the price consolidation below the 139.35 level, which will indicate a breakout of the lower border of the descending channel, and this is a signal for a fall by the width of the channel.
USD/JPY Forecast Japanese Yen for April 22, 2025 suggests an attempt to grow the price of the currency pair and test the resistance area near the 141.75 level. Then, the continuation of the development of the bearish impulse of quotes to the area below the 138.25 level. The test of the resistance line on the relative strength indicator will be in favor of the growth of the pair. The cancellation of the fall option will be a strong growth and a breakout of the 142.75 area. This will indicate a breakout of the resistance level and continued growth in the pair with a potential target above the 145.35 level.
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