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.