Forecast for USD/JPY on September 15, 2021

USD/JPY

Despite all the prerequisites for growth that the USD/JPY pair had prepared for yesterday, the collapse of stock indices broke them - the price lost 29 points per day and went under both indicator lines - under the balance line (red) and MACD line (blue).

The Marlin Oscillator has entered the negative trend zone for the first time since August 24. The pair now has a target of 109.20. Yesterday, the S&P 500 fell by 0.57%, the Russell 2000 by -1.44%, the probability of an increase in the fall, of course, is, and a medium-term fall, as on the agenda are concerns about a weakening of US indicators and an increase in corporate tax from 21% to 26.5%. And if the stock markets continue to fall, the next target for the yen will be the level of 108.35 - the low on May 11 and March 11.

On the four-hour chart, the price has settled below the balance and MACD indicator lines, the Marlin oscillator is in the negative zone, we are waiting for a further decline to the first target of 109.20 (June 8 low).

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

from RobotFX