The USD/JPY currency pair continues to move within the framework of a correction and the formation of a “Triangle” pattern. At the time of publication, the US dollar to Japanese yen exchange rate is 143.70. 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 13, 2025, we can expect an attempt to develop a decline and test the support area near the level of 142.85. Further, the price will rebound upward and the USD/JPY pair will continue to grow to an area above the level of 146.95.
USD/JPY Forecast Japanese Yen for June 13, 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 lower border of the “Triangle” pattern. A fall and breakout of the 141.65 level will cancel the growth scenario for the dollar-yen currency pair. This will indicate a breakout of the support area and a continuation of the decline in the dollar-yen currency pair. In this case, we can expect the pair to continue falling to below 139.05. We should wait for confirmation of the price increase with a breakout of the resistance level and consolidation of the price above 145.85, 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 13, 2025 suggests an attempt to develop a bearish correction with a test of the support zone near the 142.85 level. Then, the bullish momentum of quotes will continue to develop in the area above the 146.95 mark. The test of the trend line on the relative strength indicator will support the pair’s growth. A decline in quotes and a breakout of the 141.65 area will cancel the rise scenario. This will indicate a breakout of the support level and a continuation of the pair’s decline with a potential target below the 139.05 level.
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