empty
31.01.2025 05:01 AM
Forecast for USD/JPY on January 31, 2025

The yen is gradually moving towards the lower boundary of its green price channel, targeting a level of 147.22. The initial target range is between 151.30 and 151.92, which corresponds to the lows recorded on November 6 and July 25, 2024. Meanwhile, the Marlin oscillator has consolidated in the downward trend territory.

This image is no longer relevant

Today, Japan released strong economic data: industrial production in December rose by 0.3%, surpassing the forecast of -0.1%. Additionally, the unemployment rate decreased from 2.5% to 2.4%, and retail sales increased from 2.8% year-on-year to 3.7% year-on-year, exceeding the forecast of 3.4%.

This image is no longer relevant

On the four-hour chart, the price consolidated below the MACD line and the 154.56 level. We anticipate that the USD/JPY pair will continue to decline, indicating a further strengthening of the yen.

Laurie Bailey,
Analytical expert of InstaTrade
© 2007-2025
Can't speak right now?
Ask your question in the chat.
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaTrade anyway.

We are sorry for any inconvenience caused by this message.