FX.co ★ Forecast for USD / JPY on January 28, 2019

USD / JPY

On Friday, the US stock market showed an optimistic growth of 0.85%, but this did not help the yen to consolidate above the line of the growing price channel of daily scale due to the general weakening of the dollar. This morning, the price found support on the Kruzenshtern line of a four-hour scale, which gives hope for the price to turn up, its growth to the resistance of the indicator and graphic lines of the daily chart to the area of 110.47. But even today, the Japanese stock market is down by -0.37% against growth in all other APR sites (China A50 0.60%, IDX Composite 0.04%). Perhaps another "dive" yen, albeit small, maybe. In general, we expect growth to 110.47.