The CIF license of PFX Financial Professionals Ltd has been suspended by the Cyprus Securities and Exchange Commission until the 24th of December 2016. Please click here

09.12.2014 - The yen corrected after prolonged growth

The price of USD/JPY fell today in connection with a finance minister statement regarding the, fact that there is reason to talk about a recession in the economy. Yesterday was published data showing that Japan's GDP in the 3rd quarter decreased by 0.5%, which is 0.1% less than the previous forecast. Currently quotations of pair reached the lower boundary of the rising channel, but could not overcome it. In the near future we may see the price rebound from the lower boundary of the channel and recommend holding positions with a stop below 118.00. Our medium-term outlook also remains negative.

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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.
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The CIF license of PFX Financial Professionals Ltd has been suspended by the Cyprus Securities and Exchange Commission until the 24th of December 2016. Please click here
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