FX.co ★ Forecast for USD/JPY on January 14, 2022

The dollar continues to decline against the yen, falling towards the linear support of the price channel line of the monthly timeframe to the area of 113.24. The current situation, first of all, the readings of the Marlin Oscillator, which has just penetrated into the negative zone, shows the mood for a deeper downward movement, probably to the lower line of the price channel to the area of 110.87.

On the four-hour chart, the price has visually moved far away from the indicator lines, the Marlin Oscillator has slowed down the decline significantly, almost lying sideways. The price will probably slow down before reaching the target support at 113.24. And if consolidation is also formed, this will further increase the chances of overcoming support.