15.04.2015 - The Japanese yen may resume the fall

The price of USD/JPY continues to move through the local rising channel and currently is consolidating near the lower boundary of the channel and the important level of 119.50. At the moment there is a high probability upward rebound of quotes to the resistance at 121.00 and the upper limit of the channel. On the other hand, moving beyond the boundaries of the channel, and fixing below 119.50, will be the basis for the continuation of the downward movement of the price to 118.50 and 117.00. Our medium-term outlook remains positive and we recommend holding long positions with the targets at 121.00 and 122.00.

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.