10.04.2015 - The fall of the yen will continue in the medium term

The price of USD/JPY continues upward movement along the sloping support line and currently is corrected downwards after a failed attempt to overcome the 12.50 level. In case of fixation above 12.30, price growth will continue. The closest targets are 121.00 and 122.00. In case of breaking through the sloping support line, quotes will reach the level of 119.50 and 118.50. Given the predicted increase in interest rates of the Fed, we expect continued growth of quotes in the medium term with the potential of reaching 125.00.

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