FX.co ★ Forecast for USD/JPY on January 13, 2022

Yesterday has greatly changed the state of affairs for the USD/JPY pair. Due to the 0.64% fall in the dollar index, USD/JPY plunged 65 points, breaking the support of the MACD line on the daily chart. The Marlin Oscillator has moved into negative territory this morning. Now we expect the downward trend to continue from the price, the target level is the embedded line of the price channel of the monthly timeframe in the region of 113.26.

On the four-hour scale, the price is actively decreasing under the balance and MACD indicator lines, the Marlin Oscillator is moving down in the negative area, we are waiting for further downward price movement.