20.05.2016 - We expect growth of USD/JPY

Price of USD/JPY continued its growth during which was able to gain a foothold above the resistance level at 109.75. This fact is a buy signal with the closest targets at 111.00 and 112.15, after overcoming of which growth may continue to 114.70. On the other hand, the breaking through an inclined support line and fixation below it will become the basis for the further reduction of quotations to 108.00 and 106.60. Our medium-term outlook remains positive with growth potential by 7-9%.

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