21.01.2015 - The Japanese yen has strengthened sharply
The price of USD/JPY fell sharply against the background of the statement of the Bank of Japan with respect to saving the settings of monetary policy in the country. Investors expect additional measures to support economic growth. At the moment, the quotes have reached a strong support level at 117.40 in case of breaking through which, the price will continue to decline to 116.00. We expect the resumption of growth of the pair and save the medium-term positive outlook with targets at 122.00 and 125.00.