FX.co ★ Forecast for USD/JPY on March 8, 2022

USD/JPY is trading around 115.07. It initially rose by 47 pips on Monday morning, but then fell to 113.36. The point of fluctuation is the area below the MACD line, which is turned downwards in the chart. The Marlin oscillator, on the other hand, is along zero or the neutral line. Obviously, investors are waiting for the Fed's policy decision on March 16. If a rate cut occurs, the stock markets will fall along with the USD/JPY pair.

The pair is in an uptrend in the four-hour chart, but its movement is horizontal around the MACD line. The Marlin oscillator could also turn down any moment, the signal for which is a price drop below 114.71.