FX.co ★ Forecast for USD/JPY on June 4, 2020

USD/JPY

The USD/JPY pair continues its steady growth towards the nearest target of 109.50. Consolidation above the level will allow the price to continue rising to the second target of 110.83 (November 26, 2017 low). Stock indices so far favor this desire of the dollar: S&P 500 gained 1.36% yesterday, while the Nikkei 225 is adding 0.68% this morning.

Nothing portends a decline on the four-hour chart; the price rises above the indicator lines, the Marlin oscillator decreases in a small frame of the indicator discharge before further growth.