empty
 
 
pt
Suporte
Abertura instanânea da conta
Plataforma de negociação
Depósito/Retirada

31.01.202505:01 Forex Analysis & Reviews: Forecast for USD/JPY on January 31, 2025

Relevance up to 21:00 UTC--5

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.

Exchange Rates 31.01.2025 analysis

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%.

Exchange Rates 31.01.2025 analysis

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.

*A análise de mercado aqui postada destina-se a aumentar o seu conhecimento, mas não dar instruções para fazer uma negociação.

Laurie Bailey,
Analytical expert of InstaSpot
© 2007-2025
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.

Não pode falar agora?
Faça sua pergunta no chat.