08.02.2016 - The fall of USD/JPY may continue
The price of USD/JPY continues to strengthen against the US dollar amid falling European and American stock markets. It is worth noting that today, has been published a positive data on the Japanese balance of payments surplus in December, which rose to 1.64 trillion yen versus 1.42 trillion yen in the previous month. Tomorrow it will be published statistics on the volume of orders for engineering equipment, but the main impact will have an interest in defensive assets, which in recent years has led to a strengthening of the yen. We expect the resumption of growth of quotations of USD/JPY in the medium term against the backdrop of lower interest rates and the Bank of Japan and expected stabilization of the stock markets.