04.12.2015 - The price volatility of USD/JPY will be increased

The price of USD/JPY dropped to the lower limit of the corridor 122,50-123,50 and at the moment there is a high probability of price correction upwards to 123,50. Overcoming and fixing of price above this level will become a strong buy signal with the objectives at 124.50 and 125.70. On the other hand, overcoming of support at 123,50 will lead to further decrease to 121,50. We expect a strong increase in volatility today and maintain the medium-term positive outlook.

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