“USD/JPY Attempts to Recover Recent Losses – Analysis (28-01-2026)”

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USD/JPY rose in its most recent intraday session after breaking below the previously expected 153.00 support level. The move appears to be a corrective rebound aimed at recovering part of its earlier losses and easing pronounced oversold conditions on the relative strength indicators, particularly as positive overlapping signals begin to emerge. Nevertheless, a steep short-term bearish wave remains dominant, with downside pressure reinforced by continued trading below the 50-period EMA, keeping negative momentum elevated.

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