The USD/JPY currency pair is ending the trading week with gains within a bullish channel near the 157.93 area. Moving averages indicate a bullish trend. Prices have broken above the signal lines, indicating upward pressure from US dollar buyers and potential continued growth from current levels. Currently, we expect an attempt at a bearish price correction and a test of the support level near the 155.85 area. This should then be followed by an upward rebound and continued growth above the 164.85 level.
USD/JPY Weekly Forecast January 12 – 16, 2026
An additional signal for the USD/JPY pair to rise this trading week will be a test of the bullish trendline on the relative strength indicator. A second signal will be a rebound from the lower boundary of the bullish channel. A decline and a breakout of the 152.05 area would cancel out the USD/JPY uptrend this trading week (January 12-16, 2026). This would indicate a breakout of the support area and a continued decline below 148.45 on the Forex market. A breakout of the resistance area and a price close above 159.55 would confirm an uptrend for the USD/JPY pair.
USD/JPY Weekly Forecast January 12 – 16, 2026 suggests an attempt at a bearish correction and a test of support near 155.85. From there, we should expect the pair to continue rising above 164.85. A test of the trendline on the relative strength indicator (RSI) would be an additional signal of upside. A decline and a break of 152.05 would invalidate the pair’s upward trend. This would indicate continued decline with a potential target below 148.45.
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