Forecast for USD/JPY on December 16, 2021

The dollar strengthened against the yen by 0.32% (35 points) on Wednesday following the US Federal Reserve meeting. The price broke the signal level of 113.96, crossed the indicator line of the daily scale balance, displacing the market interest in buying, and now its target is 115.80-116.15. The Marlin Oscillator supports this price plan by moving into an upward trend area.

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On the chart of a four-hour scale, the price is in an upward trend by all indications: its development goes above the indicator lines, Marlin is in the positive area.

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The material has been provided by InstaForex Company - www.instaforex.com

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