FX.co ★ Forecast for USD/JPY on January 31, 2022

The USD/JPY pair spent almost the entire Friday on the support of the MACD indicator line. The price continued to rise in today's Asian session. The dollar's growth on the world market and the growth of stock indices helped in this - the S&P 500 grew by 2.43% on Friday, this morning the Nikkei 225 added 0.60%. The target of the observed growth is the embedded line of the price channel of the monthly timeframe in the area of 117.16.

On the four-hour chart, the signal line of the Marlin Oscillator is turning up in the zone of a growing trend. The MACD line turned into growth - a medium-term upward trend is being formed.