The quotes of the USD/JPY currency pair continue to move as part of the development of a bearish correction and a bullish channel. At the time of publication of the forecast, the US Dollar to Japanese Yen exchange rate is 156.04. Moving averages indicate a short-term bearish trend for the pair. Prices are again testing the area between the signal lines, which indicates pressure from sellers of the US Dollar and a potential continuation of the fall in prices from current levels. As part of the Japanese Yen exchange rate forecast for June 6, 2024, we should expect an attempt to develop a price decline and a test of the ... (full story)