The US dollar rallied against the Japanese yen during the early hours on Friday, but we have seen a certain amount of resistance in this market, as this pair continues to be very noisy. That doesn’t surprise me, because it has been very choppy for months, even though we at one point got a bit of a “false break out.” The candlestick for the Friday session looks like it is going to close positive, but I also recognize that the 200 Day EMA has offered significant resistance, and therefore it suggests that perhaps the market isn’t quite ready to take off to the upside, and we may be stuck in the same consolidation for a while.
USD/JPY Forecast:US Dollar Rallies Against Japanese Yen – 06 October 2025
