FX.co ★ Forecast for USD/JPY for December 9, 2022

The yen was happy that the dollar weakened in yesterday's European session and this morning it went on to rise further. The Japanese currency, however, has a difficult task to overcome the convergence pressure with the Marlin oscillator on the daily chart.

It might result in two things, which is crossing the target support at 133.25 and a double convergence.

On the four-hour chart, the price started to fall from the MACD line. Now the price is crossing the support of the balance line, and Marlin is already in negative territory. Signals have synchronized, we are waiting for the development of the downward movement. The target is 133.25.