The USDJPY achieves strong gains – Analysis - 18-01-2023

The USDJPY pair rallied upwards strongly to breach the main bearish channel’s resistance and settles above it, affected by the BOJ rate decision, to turn to rise and head towards achieving more gains that we expect to reach 133.30.

Therefore, the bullish bias will be suggested for today unless breaking 130.25 and holding below it.

The expected trading range for today is between 130.50 support and 133.00 resistance

The expected trend for today: Bullish