empty
31.01.2025 05:01 AM
Forecast for USD/JPY on January 31, 2025

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.

This image is no longer relevant

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%.

This image is no longer relevant

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.

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

EUR/USD – February 24th: German Election Results Support the Bulls

On Friday, the EUR/USD pair retraced to the 76.4% Fibonacci correction level at 1.0458, rebounded, and reversed in favor of the euro. On Monday, a strong rally began, driven

Samir Klishi 15:38 2025-02-24 UTC+2

Forex forecast 24/02/2025: EUR/USD, GBP/USD, USD/JPY, Gold and Bitcoin

Video Agenda: 00:00 INTRO 00:14 Today's key events: German Business Expectations, German Ifo Business Climate Index, CPI, CBI Industrial Trends Orders, MPC Member Ramsden Speaks 01:48 EUR/USD 04:20 GBP/USD 05:38

Sebastian Seliga 10:07 2025-02-24 UTC+2

GBP/USD – February 24th: More Good News for the British Pound

On the hourly chart, GBP/USD rebounded from the 1.2611 – 1.2620 support zone on Friday, reversing in favor of the pound and resuming growth toward 1.2709. To be precise

Samir Klishi 09:49 2025-02-24 UTC+2

Technical Analysis for the Week of February 24–28: GBP/USD

This week, the price may start moving downward from 1.2631 (the closing level of the last weekly candle), targeting 1.2540—the 23.6% retracement level (red dashed line). Upon testing this level

Stefan Doll 09:41 2025-02-24 UTC+2

Indicator Analysis: Daily Overview for EUR/USD on February 24, 2025

On Monday, the market may start an upward movement from the level of 1.0459, targeting 1.0532— the upper fractal (yellow dashed line). If this level is reached, further price growth

Stefan Doll 09:37 2025-02-24 UTC+2

Indicator Analysis: Daily Review for GBP/USD on February 24, 2025

Trend Analysis (Fig. 1) On Monday, the market may rise from 1.2632 (Friday's closing price) toward 1.2734, the upper boundary of the Bollinger Bands (black dotted line). From this level

Stefan Doll 09:30 2025-02-24 UTC+2

Technical Analysis for the Week of February 24-28: EUR/USD

Trend Analysis (Fig. 1)This week, the market may rise from 1.0459 (last week's closing price) toward 1.0573, which represents the 38.2% retracement level (yellow dotted line). If this level

Stefan Doll 09:26 2025-02-24 UTC+2

Technical Analysis of Daily Price Movement of USD/CAD Commodity Currency Pairs, Monday February 24, 2025.

With the appearance of Divergence on the daily chart of the USD/CAD commodity currency pair and supported by the apperance of the Bearish 123 pattern followed by the Bearish Ross

Arief Makmur 07:08 2025-02-24 UTC+2

Technical Analysis of Intraday Price Movement of EUR/JPY Cross Currency Pair, Monday, February 24, 2025.

On the 4-hour chart of the EUR/JPY cross currency pair, after testing the Lower Bollinger Band line twice, a Divergence appears between the EUR/JPY price movement and the Stochastic Oscillator

Arief Makmur 07:08 2025-02-24 UTC+2

Forecast for EUR/USD on February 24, 2025

On Friday, the euro fell by 39 pips. Despite the S&P 500 falling by 1.71% and oil prices dropping by 3.12%, the euro did not break below the support level

Laurie Bailey 04:01 2025-02-24 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.