USD/JPY Outlook (20 January 2022)

Overall, USD/JPY is ranging across. Recently, USD/JPY traded into the support zone of 114.200.

The Japanese National Core CPI y/y data (Forecast: 0.6%, Previous: 0.5%) will be released tomorrow at 0730 (GMT+8).

The Bank of Japan will be releasing the minutes for the previous monetary policy meeting tomorrow at 0750 (GMT+8).

Currently, USD/JPY is testing the support zone of 114.200 and the next resistance zone is at 116.000.
Look for short-term buying opportunities of USD/JPY if it bounces off the support zone of 114.200.