FX.co ★ Forecast for USD/JPY on April 2, 2021

USD/JPY

The USD/JPY pair did not significantly react to the European currencies' movements yesterday, settling above the price channel line (110.37). The probability of another divergence forming on the daily chart is getting smaller. The goals of the growing movement remain: 111.39, 112.16.

The current consolidation has acquired a triangle shape on the four-hour timeline. The Marlin oscillator is reversing from the border of the downward trend zone. With the greatest degree of probability, the price will leave the triangle to the upside, because today is important and significant reports on the US labor market will be published.