USD/JPY Forecast and Long Term Price Prediction (2020)

The US Dollar to Japanese Yen (USD/JPY) exchange rate is a Forex major pair and one of the world’s most traded currency pairings.

In this article we make a US-Dollar / Japanese Yen forecast and long term price prediction. We would like to give an assessment of the future price development of USD/JPY forex pair. We look at the short term chart like the daily chart, the medium term chart like the weekly chart and monthly charts, and also the long term charts for USD/JPY which are the quarterly and yearly charts. The basis of our analysis is the Price Action and Technical Chart Analysis.

The charts used are from TradingView and the prices are from FXCM.

USD/JPY Forecast Daily Chart

Last update: September 29, 2020

On the daily chart of the USD/JPY currency pair, we see this major forex pair moving sideways in a trading range between the July high and July low. Currently USD/JPY is trading close to the 20 days SMA and 50 days SMA. Both simple moving average are still drifting down.

USDJPY forecast daily chart
USD/JPY forecast: Trading range inside the July price range (Chart: TradingView)

Resistance: 107.05 | 108.16 | 112.28
Support:  105.10 | 104.18 | 101.26 | 98.78

USD/JPY forecast: We expect to see a continuation of the sideways price action inside the July price range. Only a price advance above the 107.00 could improve neutral chart picture. A price drop below 105.00 could lead to more weakness down to the July low at 104.18.

USD/JPY Outlook Weekly Chart

Last update: September 29, 2020

On the weekly chart of the USD/JPY currency pair, we see this major forex pair moving sideways in the price range of July 2020 with slightly negative bias.

USD/JPY forecast weekly chart
USD/JPY forecast: Trading range inside the price range of 2016 (Chart: TradingView)

Resistance: 108.16 | 112.28
Support:  104.18 | 101.26 | 98.78

USD/JPY forecast: We expect to see a continuation of the sideways price action around the 105.00 price level. Only a price advance above the July high at 108.16 could turn this neutral chart picture to positive. A drop below the July low at 104.85 could lead to additional selling with a price target around the 1999 low.

USD/JPY Forecast Monthly Chart

Last update: September 29, 2020

On the monthly chart of the USD/JPY currency pair, we see this major forex pair moving sideways in a big trading range between the 2016 high at 121.68 and the 2016 low at 98.78. The monthly volatility is shrinking and USD/JPY shows no clear price direction. The price zone between the low of the year 1999 at 101.26 and the low of 2016 is long-term key support.

USD/JPY forecast of monthly chart
USD/JPY forecast: Major support at 1999 low (Chart: TradingView)

Resistance: 108.16 | 112.28
Support:  104.18 | 101.26 | 98.78

USD/JPY forecast: We expect to see a continuation of the sideways price action around the 105.00 price level. Only a price advance above the 2020 high could turn this neutral long term chart to positive. On the flip side, a drop of USD/JPY below 104.18 could trigger more selling and push USD/JPY below the psychological important 100 yen mark.

USD/JPY Forecast Quarterly Chart

Last update: September 10, 2020

If we look at the quarterly chart of the USD/JPY currency pair, we see this major forex pair moving sideways in a big trading range between the 2016 high at 121.68 and the 2016 low at 98.78. The quarterly volatility is shrinking and USD/JPY shows no clear price direction. The low of the year 1999 is major support and also the low of 2016.

USDJPY price prediction quarterly chart
USD/JPY price prediction: Major support at 1999 low (Chart: TradingView)

Resistance: 112.28
Support:  101.26 | 98.78

US-Dollar/Japanese Yen prediction: We expect to see a continuation of the sideways price action around the 105.00 price level. Only a price advance above the 2020 high could turn this long term chart positive. The strong support at the price zone of 101.26/98.78 could prevent strong weakness.

USD/JPY Forecast Yearly Chart

Last update: September 10, 2020

If we look at the yearly chart of the USD/JPY currency pair, we see this major forex pair moving sideways in a big trading range between the 2016 high at 121.68 and the 2016 low at 98.78. The yearly volatility is shrinking and USD/JPY shows no clear price direction. The low of the year 1999 is major support and also the low of 2016.

USD/JPY forecast yearly chart
USD/JPY Outlook: Major support at 1999 low (Chart: TradingView)

Resistance: 112.28
Support:  101.26 | 98.78

US-Dollar/Japanese Yen forecast: We expect to see a continuation of the sideways price action around the 105.00 price level. Only a price advance above the 2020 high could turn this long term chart positive. The strong support at the price zone of 101.26/98.78 could prevent strong weakness.

What is the current price of USD/JPY ?

The current price of USD/JPY you can see here.

About USD/JPY

The Currency Pair USD/JPY is the shortened term for the US-Dollar against Japanese Yen, or cross for the currencies of the United States (USD) and Japan (JPY). … For example, if the pair is trading at 110.50, it means it takes 110.50 Japanese Yen to buy 1 US-Dollar.

*This price prediction is based on the data collected from various sources. This should not be considered as an investing parameter and user should do their own research before investing.

Do you think our predictions are accurate? What are your thoughts on the methods used to reach our conclusions? Let us know in the comments below.

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