Forecast for USD/JPY on June 14, 2021


In the last review, we noted the need for the stock market to rise for the USD/JPY pair to rise. And on Friday, USD/JPY received this support - the S&P 500 grew by 0.19%, the Nasdaq by 0.35%. Japan's Nikkei 225 is up 0.32% this morning.


The dollar's growth on Friday covered the fall on Thursday, the Marlin oscillator is in an active growing position, the 110.45 target is achievable, and the price may even surpass it. The second target is 111.39 - October 2018 low.


On the four-hour chart, the price settled above both balance and MACD indicator lines, Marlin is growing in the zone of positive values, we are waiting for the pair to grow towards the indicated targets.

The material has been provided by InstaForex Company -