16.07.2015 - The Japanese yen continued the decline in the coming months

The price of USD/JPY continues to rise gradually on the background of shifting investors' attention from the Greek crisis, which supported demand for safety assets like the Japanese yen. Now the attention of traders is focused on the monetary policy of the Federal Reserve System. In this regard, special attention in the near future will be focused on the data on the US labor market improvement which stimulates the US regulator to tighten monetary policy. We also recommend to watch at the statistics of CPI growth which would allow the Fed to raise rates. According to our forecasts in the medium term quotes will reach the level of 125.00 and 128.00.

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