The USD/JPY currency pair continues to move within a downward trend and a bearish channel. At the time of publication of this forecast, the US Dollar to Japanese Yen exchange rate is 152.76. Moving averages indicate a short-term bearish trend for the pair. Prices have broken below the area between the signal lines, indicating downward pressure from US Dollar sellers and potential further decline from current levels. The Japanese Yen exchange rate forecast for January 28, 2026, anticipates an attempt at a bullish correction and a test of the resistance area near 153.75. Next, a downward price rebound and a continued decline in the USD/JPY pair below 150.15.
USD/JPY Forecast Japanese Yen for January 28, 2026
An additional signal favoring a decline in the USD/JPY currency pair will be a test of the resistance line on the relative strength indicator. A second signal will be a rebound from the upper boundary of the bearish channel. A strong rally and a breakout of 156.45 would cancel the downward trend in the USD/JPY pair. This would indicate a breakout of the resistance area and a continued rise in the USD/JPY pair. In this case, we should expect continued growth above 158.35. Confirmation of the price decline should be expected with a breakout of the support level and a consolidation below 152.25.
USD/JPY Forecast Japanese Yen for January 28, 2026 suggests an attempt at a bullish correction, testing the resistance zone near 153.75. Subsequently, the bearish momentum will continue to develop below 150.15. A test of the trendline on the relative strength indicator (RSI) would support a decline. A strong rally and a breakout of 156.45 would invalidate the bearish scenario. This would signal a breakout of the resistance level and continued growth with a potential target above 158.35.
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