13.08.2015 - The Japanese yen resumed its decline after a brief strengthening

The price of USD/JPY after downward correction resumed growth inside the rising channel and in the near future with a high probability will return to the level of 125.00. Fixation of the price above this mark will be the basis for the continuation of the upward movement of the price with the objectives at 128.00 and 130.00. To change the current positive trend to the negative, quotations need to to break through the lower boundary of the channel and the support level at 123.00. Our medium-term outlook remains negative.

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