06.10.2015 - We expect an increase in volatility of the Japanese yen
The price of USD/JPY continued to consolidate near the level of 120.50 after recovering previously lost positions. Within the ascending movement the price can reach the resistance at 121.50, securing above which will be the basis for opening long positions with the targets at 123.00 and 124.50. The fall is limited by support levels at 119.00 and 118.00. Our medium-term outlook remains positive, and we are waiting for increased volatility tomorrow after the statement of the Bank of Japan on monetary policy.