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FX.co ★ Forecast for USD/JPY on October 13, 2023

Forecast for USD/JPY on October 13, 2023

USD/JPY

USD/JPY gained 62 pips, trading near the level of 150.00. Overcoming this resistance will likely lead to growth towards 150.40, followed by a rise to 151.95. As for the Marlin oscillator, it went bearish for a while, and then shifted upwards.

Forecast for USD/JPY on October 13, 2023

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The pair rose due to the yields on US government bonds. Reportedly, the yield on 5-year bonds increased from 4.57% to 4.69%.

Forecast for USD/JPY on October 13, 2023

On the four-hour chart, the pair lies above the balance and MACD lines, and the Marlin oscillator continues to be in an upward position. Overcoming the nearest resistance level of 150.00 may occur soon.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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