FX.co ★ Forecast for USD/JPY on May 25, 2021

USD/JPY

Uncertainty about the Japanese yen continues. The scope of these uncertainties at 108.35-109.37 has become clearer. At the moment, the Marlin oscillator is sideways right along the zero line, the price is on the balance indicator line for the third day. It is equally likely that the price can surpass the lower border of the 109.35 range and go lower to 107.25, as well as rise above the upper border of the 109.37 range and approach 109.97 with the intention of reaching 110.50.

The price remains flat on the four-hour chart - it is below the balance line and the Marlin oscillator is in the negative area. But Marlin is moving almost horizontally under the border of the growth area, there is not enough strong impulse within the day for the trend to become positive, which is to rise. We are waiting for further events that will resolve this situation of uncertainty.