03.09.2014 - Japanese Yen corrected after the fall
The price of USD/JPY after the rapid growth and the subsequent consolidation of the price near the upper border of the rising channel, corrected down to 105.00. In case of further correction, quotations may reach the level of 104.70. We expect continued upward movement in the medium term, with the immediate goal of 105.40. The price correction is likely to end in the near future.