02.06.2014 - The yen weakened against the dollar once again

The price of USD/JPY has reached the mark of 102.00 once again. Considering the fact that the price of the pair came out of the descending channel and has fixed beyond, we expect continued growth with the objectives at 102.70 and 104.00. The signal to buy will be fixation above 102.00. Reduction is limited by the level of support at 101.40. Growth of volatility is possible tonight (23:50 GMT) after the publication of data on the monetary base in Japan in May. We maintain our medium-and long-term positive outlook for the pair.

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