13.02.2015 - The price of USD/JPY rebounded from the support and can continue to grow

The price of USD/JPY after a strong reduction amid weakening US dollar and the comments of some representatives of the Bank of Japan on disincentive effects of new measures of monetary policy easing in the country. Within the fall, quotes, corrected to a strong level of 118.50, but could not overcome it and corrected upwards. In case of continuing the upward momentum, quotations may return to the levels of 120.00 and 120.50. Given the ultra-loose monetary policy of the Bank of Japan and the expectation of rising interest rates of the Fed, we maintain a positive medium-term outlook for the price of the pair.

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