USD/JPY

Yesterday, the yen managed to deceive not only us, but also, it seems, fate itself. The entire market rescued it from the breakdown to 109.80 - the dollar index grew by 0.29%, the US stock index S&P 500 by 0.21%, and as a result the pair grew by 58 points.

Tomorrow, the US will release employment data for June, the forecast for unemployment is 5.7% versus 5.8% in May, and today the yen can rest at the reached level of June and March peaks, so that tomorrow it will be able to overcome the target level of 111.39 (October 21, 2018 low) and go even higher, to the target level of 112.20 - by the peak of February this year. Today the price is also held back by the double divergence from being active on the daily chart - it has not been broken yet.

The Marlin oscillator slightly declines on the four-hour timeline. Probably, this is its release before further growth. Today, the USD/JPY pair is expected to settle at the June peak it reached (110.95-111.15).