Currency pair quotations for the Dollar Yen (USD/JPY) continue moving within the framework of a downward development and bearish channel. At the moment of the forecast, the value of US dollar to Japanese yen stands at 144.72. Moving averages indicate the presence of a short-term bearish trend for the pair. Prices have broken through the area defined by signal lines downwards, indicating pressure from buyers of US dollars and potential continuation of price growth already from current levels. Within the forecast for the Japanese yen on May 21, 2025, it is expected that there will be an attempt to develop a bullish correction and test the resistance zone near the level of 145.45. Subsequently, a downward bounce in price and continuation of the USD/JPY pair’s decline into the region below the level of 142.75.
USDJPY Forecast Japanese Yen for May 21, 2025
Additional signals pointing to the depreciation of the currency pair USD/JPY would be testing the resistance line on the Relative Strength Index (RSI) indicator. The second signal will be a rebound from the upper border of the bear channel. Cancellation of the option for the decline of the USD/JPY currency pair will be characterized by a strong growth and breaking through the level of 146.25. This indicates that the resistance area has been broken, and the growth trend in the USD/JPY currency pair continues. In this case, one can expect an extension of the rise above the 149.05 level. Expect confirmation of price decline with a break-through support level and stabilization of the price below the level of 143.75.
USDJPY Forecast Japanese Yen for May 21, 2025 suggests an attempt to increase the price of the currency pair and a test of the resistance area close to 145.45. Then, continuation of the bearish momentum in the region below 142.75. A decline for the pair would be supported by testing the resistance line on the Relative Strength Index (RSI). Cancellation of the decrease option will come with a strong rise and breaking through the area of 146.25, indicating a break of the resistance level and continuing the increase in the pair with a potential target above 149.05.
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