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

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USD/JPY rose in its most recent intraday session after testing the 153.00 support level, our previously identified target. The rebound appears to be an attempt to recover part of its recent losses and to ease pronounced oversold conditions on the relative strength indicators, particularly with emerging positive overlapping signals.

However, the short-term trend remains dominated by a steep bearish wave, and downside pressure persists as the pair continues to trade below the 50-period EMA, keeping negative momentum elevated despite the intraday recovery.

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