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USD/JPY Outlook (28 January 2022)

Long
U.S. Dollar / Japanese Yen (FX:USDJPY)  
JinDao_Tai  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Forex macro technical trend USDJPY Contains image
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trendanalysis forex macro technical trend usdjpy containsimage
Overall, USD/JPY is ranging across. Recently, USD/JPY broke above the key level of 115.

The Japanese Retail Sales y/y data (Forecast: TBA, Previous: 1.9%) will be released next Monday at 0750 (GMT+8).

USD/JPY’s next support zone is at 114.200 and the next resistance zone is at 116.000.
Look for short-term buying opportunities of USD/JPY.
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