USD/JPY - USD/JPY Failed to End the Day Above 115.00 - 01/20/2017 (GMT)

Today is a very significant day for the U.S. as the Donald Trump becomes the official new President of the country while the investors worry about the new President’s trade and currency policies. So, unless Donald Trump will affect the dollar negatively, we may see the greenback covering all its so far losses and end the month in the green.

The USD/JPY pair found a strong support on the 112.50 barrier and surged 1.8% on Wednesday and continued rising on Thursday, however, it pulled back for the day's high losing some of its intraday gains. Now, the pair is developing below the 115.00 strong psychological level. Technically, the technical indicators are holding within the negative territory, however, both are moving with some weak momentum. The RSI indicator lies slightly below the 50 level whilst the MACD oscillator is flattening below its zero and trigger lines.