Currency pair quotes for the Dollar Yen (USD/JPY) continue within the framework of a bullish correction development and a descending channel. The US Dollar to Japanese Yen rate now of the forecast publication is 144.23. Moving averages indicate the presence of a short-term bearish trend for this pair. Prices are once again testing the area defined by signal lines, which indicates pressure from US Dollar sellers and potential continuation of price drops already from current levels. Within the scope of the forecasted Yen rate on May 29, 2025, it is expected to see an attempt at a bullish correction and test the resistance area near the level of 145.45. Subsequently, a price bounce downwards and continuation of the USD/JPY pair’s decline into the region below the level of 138.65.
USD/JPY Forecast Japanese Yen for May 29, 2025
Additional indication of 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 descending channel. Cancellation of the option for the depreciation of the USD/JPY currency pair will be strong growth and breaking through the level of 148.75. This will indicate a break in the resistance area and a continuation of the rise of the USD/JPY currency pair. In this case, one can expect to continue the increase of the pair to the area above the level of 150.65. Expect confirmation of price depreciation with breaking through support level and stabilizing price below the level of 140.55.
USD/JPY Forecast Japanese Yen for May 29, 2025 anticipates a bullish correction attempt with testing the resistance zone near level 145.45. Then, continuation of the bearish momentum in the price area below the mark 138.65. A decline for the pair would be indicated by testing the trend line on the Relative Strength Index (RSI). Cancellation of the fall option would be an upward movement and break through the zone 148.75. This will signal the resistance level and continuation of the pair’s growth with a potential target above the level 150.65.
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