The USD/JPY currency pair ended the trading week with a correction within a downward channel near the 144.82 area. Moving averages indicate a bearish trend. Prices rebounded from the area between the signal lines downwards, indicating pressure from US dollar sellers and a potential continuation of the decline from current levels. Now, we should expect an attempt at a bullish price correction and a test of the resistance level near the 146.85 area. Then, a rebound downwards and a continuation of the pair’s decline to the area below the 133.45 level.
USD/JPY Weekly Forecast June 9 — 13, 2025
An additional signal in favor of a decline in the dollar-yen pair for the current trading week will be a test of the downward trend line on the relative strength indicator. The second signal will be a rebound from the upper border of the downward channel. A strong rise and a breakout of the 151.45 area will cancel the option of a decline in the USD/JPY pair during the current trading week of June 9 — 13, 2025. This scenario will indicate a breakout of the resistance area and a continuation of the pair’s growth on Forex to an area above the 154.05 level. Confirmation of a decline in the USD/JPY pair will be a breakout of the support area and a close below the 139.55 level, which will indicate a breakout of the lower border of the bullish channel.
USD/JPY Weekly Forecast June 9 — 13, 2025 suggests an attempt at a bullish correction and a test of the resistance level near the 146.85 area. From there, we can expect the pair to continue falling to below the 133.45 level. An additional signal in favor of a decline will be a test of the trend line on the relative strength indicator. A strong rise and a breakout of the 151.45 level will cancel the decline scenario. This will indicate a continuation of the pair’s rise with a potential target above the 154.05 area.
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