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USDJPY is still in the long-term downtrend channel.

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY is still in the long-term downtrend channel .

As the US Dollar Index weakens, non-US currencies will continue to appreciate, and the Japanese Yen is no exception.

On the picture, the H4 of USDJPY is in a long-term downward channel . Even if the Bank of Japan continues to block the rise, it can hardly stop the weakness of the US dollar . The yen will continue to appreciate along with currencies such as the Euro , Pound, and Australian Dollar.

USDJPY USD/JPY operation is recommended to go short on rallies, or if activists break below the resistance can be sell stop.

Jan.22.2021
Reliability: 3-10 Market Days