01.04.2016 - We expect growth of USD/JPY
USD/JPY continues to consolidate above the support level at 112.15. In case of its breaking, quotations will decrease to the level of 111.00, but its overcoming is unlikely. According to our forecasts, the positive trend will continue in the near future and after overcoming the inclined resistance line growth will continue to 114.70. According to our forecast the price will resume growth in the near future and we maintain a medium-term positive outlook with targets at 117.00, 118.80 and 121.50.