FX.co ★ Forecast for USD/JPY on May 14, 2021

USD/JPY

The dollar index fell by 0.06% on Thursday and this circumstance held back the USD/JPY pair at the support of the MACD line on the daily chart. The pair is growing in today's Asian session, returning to yesterday's opening, probably aiming to take the nearest target level of 109.97. Surpassing the first target opens the main target in the range of two lines of price channels 110.44/62. Above this target range is another important target at 111.39 - the October 2018 low and the May 2018 high.

A completely upward position on the four-hour chart, just like on the daily chart: the price grows above both indicator lines, while the Marlin oscillator continues to grow with renewed vigor in the zone of positive values - on the territory of growth.