Currency pair quotes for the Dollar Yen (USD/JPY) continue within the framework of developing a bullish correction and a descending channel. At the time of this forecast publication, the US Dollar to Japanese Yen exchange rate is at 143.38. Moving averages indicate the presence of a short-term bearish trend for the pair. Prices are once again testing the area with signal lines, indicating pressure from US Dollar sellers and the potential continuation of price drops already from current levels. Within the forecast for the Japanese Yen’s rate as of May 28, 2025, it is expected that there will be an attempt to develop a bullish correction and testing the resistance zone near the level of 145.15. Subsequently, a price bounce downwards and further decline in the USD/JPY pair area below the level of 140.65 can follow.
USD/JPY Forecast Japanese Yen for May 28, 2025
Additional signals in favor of the decline of the currency pair USD/JPY would be testing the resistance line on the Relative Strength Index (RSI) indicator. The second signal would be a bounce off the upper boundary of the descending channel. Cancellation of the possibility of a decline in the USD/JPY currency pair would be a strong rise and breaking through the level of 148.75. This would indicate a break through the resistance area and continuation of growth for the USD/JPY currency pair. In this case, we should expect further rise to the region above the 150.35 level. Expect confirmation of price decline with a break through support level and stabilization of price under the level of 140.85.
USD/JPY Forecast Japanese Yen for May 28, 2025 anticipates an attempt at developing a bullish correction with testing the resistance zone near the level of 145.15. Then, continuation of development of the bearish momentum of quotations in the area below the mark of 140.65. A reduction of the pair would be indicated by testing the trend line on the Relative Strength Index indicator. Cancellation of the decline option will become an upturn and break of the zone at 148.75. This indicates a breakthrough of the resistance level and continuation of the pair’s rise with a potential target above the level of 150.35.
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