USD/JPY Pair Maintains Consolidation: Overview for January 26, 2024

<div><img width="360" height="360" src="https://blog.roboforex.com/wp-content/uploads/2023/06/USDJPY_2-360×360.jpg" class="attachment-thumbnail size-thumbnail wp-post-image" alt="USD/JPY analysis today" style="margin-bottom: 15px;" decoding="async" loading="lazy" /></div><p>The <a href="https://roboforex.com/beginners/info/charts/forex/usdjpy/" data-internallinksmanager029f6b8e52c="40" title="USD/JPY">USD/JPY</a> pair continues its consolidation within a defined range.</p>

<p>The Japanese yen, in its pairing with the US dollar, persists in a sideways movement. Presently, the USD/JPY exchange rate is stable at 147.76.</p>

<p>About a week ago, the pair peaked at 148.80.</p>

<p>In January, core <a href="https://blog.roboforex.com/blog/2022/06/30/what-is-inflation-reasons-and-consequences/" data-internallinksmanager029f6b8e52c="220" title="Inflation">inflation</a> in Tokyo experienced a decline to 1.6% year-over-year, down from the previous rate of 2.1% and below the forecasted 1.9%. This downturn presents unfavorable news for the JPY and its national regulatory body.</p>

<p>Throughout this week, market activity has remained erratic following the Bank of Japan's recent meeting. Expectations regarding potential monetary policy adjustments have shifted to April. There's a possibility that the Bank of Japan might maintain a zero <a href="https://blog.roboforex.com/blog/2019/10/22/trading-news-how-to-earn-on-interest-rates/" data-internallinksmanager029f6b8e52c="90" title="Interest rate">interest rate</a> after years of negative rates. However, accomplishing this objective hinges on prompt government action to address the aftermath of the January 1st earthquake in the country.</p>

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<a href="https://my.roboforex.com/en/register/">Open Trading Account</a></p><p>The post <a href="https://blog.roboforex.com/blog/2024/01/26/usd-jpy-pair-maintains-consolidation-overview-for-january-26-2024/">USD/JPY Pair Maintains Consolidation: Overview for January 26, 2024</a> appeared first at <a href="https://blog.roboforex.com">R Blog – RoboForex</a>.</p>