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 of the forecast, the US dollar to Japanese yen exchange rate is 142.91. Moving averages indicate a short-term bearish trend for the pair. Prices have broken through the signal lines downwards, indicating pressure from US dollar sellers and a potential continuation of the decline from current levels. As part of the forecast for the Japanese yen on June 6, 2025, we can expect an attempt at a bullish correction and a test of the resistance area near the 143.75 level. Further, a rebound in prices downwards and a continuation of the decline of the USD/JPY pair to an area below the 140.15 level.
USD/JPY Forecast Japanese Yen for June 6, 2025
An additional signal in favor of a decline in 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 “Triangle” pattern. A strong rise and a breakout of the 145.05 level will cancel the option of a decline in the Dollar-Yen currency pair. This will indicate a breakout of the resistance area and a continuation of the growth of the Dollar-Yen currency pair. In this case, we can expect the pair to continue rising to above the 147.45 level. We should wait for confirmation of the price decline with a breakout of the support level and consolidation of the price below the 141.95 level, which will indicate a breakout of the lower boundary of the “Triangle” pattern and the beginning of the pattern’s realization with targets below.
USD/JPY Forecast Japanese Yen for June 6, 2025 suggests an attempt to develop a bullish correction with a test of the resistance zone near the 143.75 level. Then, the bearish momentum of quotes will continue to develop in the area below the 140.15 mark. A test of the trend line on the relative strength indicator will support the pair’s decline. A rise in quotes and a breakout of the 145.05 area will cancel the decline scenario. This will indicate a breakout of the resistance level and a continuation of the pair’s growth with a potential target above the 147.45 level.
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