Currency pair quotes for the Dollar Yen (USD/JPY) conclude the trading week with a drop within a descending channel near the area of 144.01. Moving averages indicate the presence of a bearish trend. Prices rebounded down from the area between signal lines, indicating pressure on the US dollar sellers and potential continuation of the decline already from current levels. At this point, one should expect an attempt at developing a bullish price correction and testing the resistance level near the 147.65 area. Then, a downward bounce and continued depreciation of the pair to an area below the level of 131.85.
USD/JPY Weekly Forecast June 2 — 6, 2025
Additional signals for the potential decline of the Dollar/Yen currency pair during the current trading week include testing the trend line on the Relative Strength Index (RSI) indicator. A second signal will be a rebound from the upper boundary of the descending channel. Cancelling the option for the USD/JPY pair to fall in the current trading week, 2 – 6 June 2025, would be a strong rise and breaking into the area of 151.75. This scenario indicates that resistance is broken, and the pair’s growth continues the Forex market into an area above the level of 154.05. Confirmation of the decline in price for the USD/JPY pair will occur upon breaking the support zone and closing prices below the level of 139.55.
USD/JPY Weekly Forecast June 2 — 6, 2025 anticipates an attempt at developing a bull correction and testing the resistance level near the area of 147.65. From where we can expect the pair’s fall below the zone of 131.85. An additional signal in favor of depreciation will be testing the trend line on the Relative Strength Index indicator. Rejection of the option for the pair to fall will come from strong growth and a breakout above the level of 151.75. This indicates continuation of the rise in the pair with a potential target area above the zone of 154.05.
