Forecast for USD/JPY on February 16, 2021

USD/JPY

Yesterday, the Japanese yen showed the greatest dynamics in the foreign exchange market, with an increase of 43 points, it reached the target level of 105.32, and today it continued to rise in the Asian session. The growth target is the 106.50/65 range (September 2019). Indicators point to an upward trend.

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There are also no signs of a reversal on the four-hour timescale of the USD/JPY pair: the price is growing above both indicator lines, while Marlin is rising in the positive area. We are waiting for the price in the target range of 106.50/65.

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The material has been provided by InstaForex Company - www.instaforex.com

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