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FX.co ★ USD/JPY Forecast for March 20, 2025

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Forex Analysis:::2025-03-20T02:37:25

USD/JPY Forecast for March 20, 2025

Yesterday's Bank of Japan and Federal Reserve meetings were uneventful, but they did not provide any reasons for the yen to weaken against the dollar. Instead, the yen's strengthening trend continues. The price briefly broke through the 149.38 resistance level on the daily chart but then retreated sharply.

USD/JPY Forecast for March 20, 2025

This morning, the decline continues, despite Japan's market holiday. The Marlin oscillator is turning lower from positive territory, generating an independent sell signal. The target range of 145.08/91, which was established by the lows of September and October 2022, remains in focus.

USD/JPY Forecast for March 20, 2025

On the H4 chart, both the price and oscillator have formed a divergence, with the price breaking below the MACD line. The trend is downward, and we anticipate that the pair will reach the designated target range.

Analyst InstaForex
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