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USD/JPY Analysis – 15.Jan.2025

USD/JPY Analysis – 15.Jan.2025

USD/JPY Analysis

USD/JPY Analysis : By analyzing the USD/JPY daily chart, we can see that, as expected, the price started to drop from the 158 level, correcting by over 130 pips to reach the 156.700 range. Given the current price momentum, I anticipate this decline to continue. As you know, the CPI data will be released today, and if it comes in lower than the forecast, we could see further weakness in the Dollar Index. This analysis will be updated as the market evolves.
(This Post on TradingView)

Author : Arman Shaban

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