The USD/JPY currency pair continues to move within the framework of growth and the completion of the “Triangle” pattern. At the time of publication, the US dollar to Japanese yen exchange rate is 144.39. Moving averages indicate a short-term bullish trend for the pair. Prices have broken through the signal lines upwards, indicating pressure from US dollar buyers and a potential continuation of price growth from current levels. As part of the forecast for the Japanese yen on June 10, 2025, we can expect an attempt at a bearish correction and a test of the support area near the 144.20 level. Further, a rebound in prices and a continuation of the USD/JPY pair’s growth to an area above the 147.35 level.
USD/JPY Forecast Japanese Yen for June 10, 2025
An additional signal in favor of the growth of the USD/JPY currency pair will be a test of the support line on the relative strength indicator. The second signal will be a rebound from the upper border of the “Triangle” pattern. A fall and breakout of the 143.25 level will cancel the option of a rise in the Dollar-Yen currency pair. This will indicate a breakout of the support area and a continuation of the fall in the Dollar-Yen currency pair. In this case, we can expect the pair to continue falling to below 141.35. We should wait for confirmation of the price increase with a breakout of the support level and consolidation of the price above 145.35, which will indicate a breakout of the upper border of the “Triangle” pattern and the beginning of the pattern’s implementation with targets at the top.
USD/JPY Forecast Japanese Yen for June 10, 2025 suggests an attempt to develop a bullish correction with a test of the support zone near the 144.20 level. Then, the bullish momentum of quotes will continue to develop in the area above the 147.35 mark. The test of the trend line on the relative strength indicator will support the pair’s rise. A decline in quotes and a breakout of the 143.25 area will cancel the growth scenario. This will indicate a breakout of the support level and a continuation of the pair’s growth with a potential target below the 141.35 level.
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