The price of the Japanese yen continues to be influenced by a number of fundamental factors. So, at the moment quotes are consolidated before the Fed decision on monetary policy in the United States. In case of saving interest rates, the price of the yen will rise against the dollar, but investors will be watching the rhetoric of the American regulator. On the other hand tightening of monetary policy will lead to a sharp fall in the yen. In addition, investors are selling the yen against the background of the stabilization of the situation in China and falling demand for protective assets. We expect the decline of the Japanese yen in the medium term.