The USD/JPY currency pair continues to move within a developing correction and bullish channel. At the time of publication of this forecast, the US Dollar to Japanese Yen exchange rate is 158.15. Moving averages indicate a short-term bullish trend for the pair. Prices have broken above the signal lines, indicating upward pressure from US Dollar buyers and potential continued price growth from current levels. The Japanese Yen exchange rate forecast for January 22, 2026, anticipates an attempt to continue the decline and a test of the support area near 157.55. Subsequently, a price rebound upward and continued growth of the USD/JPY pair above 160.45.
USD/JPY Forecast Japanese Yen for January 22, 2026
An additional signal for the USD/JPY currency pair to rise will be a test of the support line on the relative strength indicator. A rebound from the lower boundary of the bullish channel will be a second signal. A decline and a breakout of 157.25 would cancel out the USD/JPY currency pair’s upward trend. This would indicate a breakout of the support area and a continued decline in the USD/JPY currency pair. In this case, we should expect the pair to continue its decline below 153.75. A breakout of the resistance level and a consolidation above 159.05 would confirm the price increase, indicating a breakout of the upper boundary of the downward correction channel.
USD/JPY Forecast Japanese Yen for January 22, 2026 suggests an attempt at a bullish correction, testing the support zone near 157.55. This will then lead to continued bullish momentum in quotes above 160.45. A test of the trendline on the relative strength indicator (RSI) will support the pair’s upside. A decline in quotes and a breakout of 157.25 will cancel out the upward trend. This would signal a breakout of the support level and a continued decline in the pair, with a potential target below 153.75.
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