06.05.2014 - ​Traders are fixing positions on the yen

The price of USD/JPY dropped to 101.90 on the background of new clashes in Ukraine that can lead to escalation of the conflict between Russia and the West, and leads to increased demand for defensive assets like the Japanese yen. At the moment the price is trying to gain a foothold above 102.00. We expect the resumption of growth with the target near 102.70. Growing tensions in Ukraine, which is expected in the period May 8-11, can lead to a decrease in quotations of the pair. Despite this, we keep medium-and long-term positive outlook for the pair.

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.