09.02.2015 - The Japanese yen is likely to continue to fall

The price of USD/JPY after the strong growth started to correct and dropped to the level of 118.50. In case of consolidation of quotations above this mark, we recommend to open long positions with a short-term growth potential to the level of 120.00 and 120.75. The reason for the sharp growth of quotations on Friday became strong data on the US labor market, which increased the likelihood of interest rate hike by the Fed and has strengthened the US dollar. We recommend to wait for a confirmation of the signal for opening positions and maintain a medium-term positive outlook.

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.