Forecast for USD / JPY for November 6, 2018
USD / JPY pair
The Japanese yen yesterday remained almost unchanged in price, having only fixed on the daily chart above the balance line. The signal line of the Marlin oscillator during this time has moved to the territory of the growing trend. On the four-hour chart, the situation continues to increase.
The American stock market yesterday grew by 0.56% and the Japanese rose by 1.02% today. Optimism in the stock market before the elections to the American Congress is more stable, as the market itself seems to be less susceptible to the results of these elections than the currency market.
We are waiting for the yen at the border of the embedded line of the price channel at 114.88.