Forecast for USD/JPY on February 15, 2021


The optimism in the stock markets encourages the USD/JPY pair to further rise with the first target at 105.32. The S&P 500 gained 0.47% last Friday. This morning, the Nikkei 225 jumped 1.20%, S&P/ASX200 added 0.95%. Today is a national holiday in the United States and China.

After overcoming the target level of 105.32, the second and high target of 106.50/65 opens before the dollar. To move back to 104.00, the price must overcome the consolidation on the 9-11th in the area of 104.62.


The price faced a difficult resistance from the MACD line on the four-hour chart. If Europe picks up the growth in stock markets, then the MACD line can be overcome today. If not, the transaction will be postponed for one more day.


The material has been provided by InstaForex Company -