07.06.2016 - USD/JPY has shown strong growth within the correction

Price of USD/JPY after the recent decline has reached the support level at 106.40 and could not keep falling. As a result, quotes rebounded from the level of 106.40, and approached to the level of 108.00, the overcoming of which will be the basis for the continued rising dynamics with the price targets at 109.75 and 111.00. At the same time, we do not exclude the rollback of price after reaching 108.00. Our medium-term outlook remains positive, but we do not exclude the price drop to 106.40 and 105.50 in the near future.

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