USD/JPY Forecast: Pulls Back in Safety Bid – 15 January 2026
USD/JPY pulled back on Wednesday toward the key 158 support level, but the longer-term uptrend remains intact, with 160 and potentially 162 as bullish targets.

USD/JPY pulled back on Wednesday toward the key 158 support level, but the longer-term uptrend remains intact, with 160 and potentially 162 as bullish targets.
Light sweet crude oil is hovering near key resistance at the 200‑day EMA amid ongoing Middle East geopolitical tensions and persistent oversupply that keeps prices range‑bound.
Gold prices remain bullish above key support zones, driven by geopolitical uncertainty, central bank buying, and a breakout pattern targeting the $5,000 level.
BTC/USD surged past key resistance at $94.9K, with technical indicators and strong ETF inflows signaling a potential rally toward the $100K milestone.
GBP/USD consolidates in a bullish flag pattern as traders await UK GDP data, with technicals suggesting a breakout toward 1.3565 and beyond.
EUR/USD remains under pressure as geopolitical tensions and strong US retail data drive dollar strength, with technicals pointing toward a test of 1.1500.