Currency pair quotations for the Dollar Yen (USD/JPY) continue within the context of developing a bullish correction and forming a Triangle model. The price of the US Dollar to Japanese Yen at the time of this forecast stands at 143.61. Moving averages indicate a short-term bearish trend in this pair. Prices have breached the signal lines area downwards, indicating pressure from US Dollar sellers and potential for further price decline from current levels already. Within the forecasted exchange rate scenario for Japanese Yen on June 5, 2025, it is expected that there will be an attempt at developing a bullish correction and testing the resistance area close to the level of 144.85. Following this, a price reversal downwards and continuation of the USD/JPY pair’s decline into regions below the 140.25 level.
USD/JPY Forecast Japanese Yen for June 5, 2025
Additional confirmation of the currency pair USD/JPY depreciation would be a test of the resistance line on the Relative Strength Index (RSI) indicator. A second signal will come from rebounding off the upper border of the “Triangle” model. Cancellation of the option for the currency pair US Dollar / Japanese Yen’s decline will be a strong growth and breakthrough of the level 146.85. This would indicate a breakout of the resistance zone and continuation of the rise in the USD/JPY currency pair. In this case, expect further movement upwards to the area above the level 149.75. Wait for confirmation of price decline with breaking through support level and pricing under the level 141.35 which would indicate a breakout from the lower border of the “Triangle” model and beginning implementation of the pattern with targets below.
USD/JPY Forecast Japanese Yen for June 5, 2025 anticipates an attempt at developing a bullish correction with testing of the resistance zone near the level 144.85. Then, continuation of the development of a bearish momentum in the price area below the mark 140.25. A reduction in the pair will be supported by testing the trend line on the Relative Strength Index (RSI) indicator. Cancellation of the downward option will be an increase in prices and a breakthrough the zone 146.85. This will indicate a breakout of the resistance level and continuation of the pair’s growth with a potential target above the level 149.75.
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