FX.co ★ Forecast for USD/JPY on June 6, 2022

The dollar rose by 104 points against the yen on Friday. As of this morning, the price is slightly down, likely before a surge to the target resistance at 131.40, surpassing which will open the next target line in the 132.66 area. If the price goes under the support of 129.45, the price will be able to attack the MACD line in the area of 128.30.

The price formed a divergence with the Marlin Oscillator on the four-hour chart. The nature of the observed divergence is not reversal, corrective, it is not yet enough for the accumulation of a strong downward momentum, so the price is unlikely to overcome the support of 129.45. Therefore, today we are waiting for the neutralization of downward signs.