When 11.2 is released it should support SQL Server 2016 (no official release date but this year), only Oracle can tell you whether they will ever support SQL Server 2016 with 220.127.116.11
I have already asked similar question to Oracle SR, they answered that :
If this is not under the Support matrix , then you cannot install and configure on the latest SQL Server 2014 or 2016
MS SQL Server Support For EPM 18.104.22.168.X (Doc ID 2371231.1)
Are there any plans to certify higher versions of SQLServer for the 22.214.171.124.x codeline?
There are no plans on certifying any higher versions of SQLServer for the 126.96.36.199.x codeline. The highest supported version is SQLServer 2008 for 188.8.131.52.x per the cert matrix : http://www.oracle.com/technetwork/middleware/bi-foundation/hyperion-supported-platforms-085957.html.