USD/JPY Forecast | Long Term Prediction | Outlook (2021)

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: December 19, 2020

On the daily chart of the USD/JPY currency pair, we see this major forex pair in an established downtrend below the 2019 low.

USDJPY Daily price forecast
USD/JPY forecast: Established downtrend (Chart: TradingView)

Resistance: 104.44 | 108.16 | 112.28
Support:  101.26 | 98.78

USD/JPY forecast: We expect to see a continuation of the established downtrend with next major price target at 101.26. On the flip side, only a price advance above the 2019 low at 104.44 could turn the negative chart picture to neutral or positive.

USD/JPY Outlook Weekly Chart

Last update: December 18, 2020

On the weekly chart of the USD/JPY currency pair, we see this major forex pair moving in an established downtrend.

USD/JPY forecast weekly chart
USD/JPY forecast: Next price target 101.26? (Chart: TradingView)

Resistance: 104.44 | 108.16 | 112.28
Support:  101.26 | 98.78

USD/JPY forecast: We expect to see a continuation of the established downtrend with next major price target around 101.26. On the flip side, only a price advance above the 2019 low at 104.44 could turn the negative chart picture to neutral or positive.

USD/JPY Forecast Monthly Chart

Last update: December 18, 2020

On the monthly chart of the USD/JPY currency pair, we see this major forex pair moving in an defined downtrend. 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: 104.44 | 108.16 | 112.28
Support:  101.26 | 98.78

USD/JPY forecast: We expect to see a continuation of the current downtrend with next major price target at 101.26. On the flip side, only a price advance above the 2019 low at 104.44 could turn the negative chart picture to neutral.

USD/JPY Forecast Quarterly Chart

Last update: December 18, 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: 104.44 | 108.16 | 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 (Historical chart)

Last update: December 18, 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 low of the year 1999 at 101.26 is major support.

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

Resistance: 104.44
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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