07.09.2016 - Quotations of USD/JPY may correct

Price of USD/JPY has shown a sharp decline after failed to overcome the resistance level at 103.50 and started to correct downwards. As a result of the strong downward impulse quotations dropped to support at 101.40 and the next targets may be 100.85 and 99.60. After a strong fall there is a high probability of a rebound of quotes within correction with potential increase up to 102,00-102,50. Our medium-term outlook remains positive, despite a possible decline in the near future.

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.