USD / JPY pair
In the past two days, the Japanese yen fulfilled our main scenario. It closed the gap of the beginning of the week, focusing on supporting the balance lines and MACD on the four-hour scale chart. The Marlin oscillator signal line unfolds before the border with the territory of the trend decline on the daily chart. We are waiting for a complete price reversal from current levels. Today, the yen practically did not move in the Asian session and we do not expect any noticeable movements during the day since today is a holiday in the US. Additionally, tomorrow, there will be significant data for the markets employment indicators in the US. The forecast for jobs outside the agricultural sector in June is 160-165 thousand versus 75 thousand a month earlier. It is very likely that a high figure will weaken the boom around the triple rate cut this year and the dollar will continue to strengthen.
